Concerns Continue Around Wakayama IR Funding

A special committee of Wakayama’s prefectural assembly expressed concern this week over a lack of clarity on the fundraising and planning for an integrated resort (IR) casino project in their prefecture.

The statement reads: “Unfortunately, the committee has to say that the plan is still unclear in details and is not convincing as to the fundraising.”

Despite doubts, the committee has agreed that the Wakayama Prefectural Government can go ahead with a public consultation on its IR plans to take feedback from members of the public, city authorities, and the prefectural assembly. Public hearings were postponed as information on funding and the structure of the winning consortium was still pending.