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WWW.CASINOREVIEW-ONLINE.COM • MARCH 2014 • EDITION 137
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News
Records tumble in London
GENTING JOIN IR PARTY IN SINGAPORE
ICE REPORT 28-47
Asia & Oceania News 12
North America A TALE OF TWO CITIES: NAVAJO EXPANSION THWARTED WHILST NY GATHERS PACE 18
THE BUSINESS NEWSPAPER FOR THE GLOBAL CASINO INDUSTRY
At the recent IRG academy meeting, six of the world’s leading casino operators reiterated the massive potential boost the Integrated Resorts Promotion Act could bring to Japan’s tourism industry. Akiyoshi Tsuruoka of GCM-News reports.
JAPAN
Japanese regulatory framework moves a step closer
JAPAN
T
he Japan Academy of Integrated & Gaming Studies (IRG) held its 11th general academy meeting at DaiIchi Hotel Tokyo on February 25, with the investment forum drawing the unprecedented attention of industry observers and six of the world’s leading casino operators. The meeting was the IRG’s first since Japan’s Integrated Resorts (IR) Promotion Act was introduced to the Diet at the end of last year. Providing the keynote address at the conference, IRG vice chairman Toru Mihara said: “Amid introduction of the Act last year, which is expected to be
enacted during the current Diet session, many people are joining this meeting. I would like to make this meeting fruitful by exchanging opinions on various future issues, which are of some help for the attendees.” Video messages were delivered to delegates from the heads of various local governments interested in IR development, including Ichiro Matsui, Governor of Osaka Prefecture and Harumi Takahashi, Governor of Hokkaido. Governor Matsui said he was hoping the early enactment of IR-related acts, while Governor Takahashi
said that she believed the IR would contribute to Japan in becoming a tourism-oriented country. She added that, while she was now conducting various studies within the cities of Otaru, Kushiro and Tomakomai, she would like the government to consider spreading the positive effects of integrated resorts to ever corner of the country. Representatives of six major global casino operators – Melco Crown, MGM Resorts, Las Vegas Sands, Wynn Resorts, Caesars Entertainment and Genting – were invited by the IRG to give presentations at the forum. Along with dis-
cussing proposals on taxation, all of the companies reiterated the massive potential boost the IR legislation could bring to Japan’s tourism industry. Finally, a discussion with Diet members and others was held. Hiroyuki Hosoda, representing the Diet Members Alliance, explained a rule of discussion procedures in which each fraction of the ruling party and the opposition party would approve or deny a bill supplementing with the existence of free voting system as an exception, and emphasised the enactment of the IR Promotion Bill during the current Diet session. He
LOCATION, LOCATION, LOCATION n February 5, the first Establishment Preparatory Committee of the IR Promotion Council, which will provide policy proposals on IR matters, was established. Influential individuals and business groups across the country were listed as its founders, and 35 prefectures and 19 cities designated by ordinance among local governments participated as observers. Yet while Osaka and Hokkaido are attracting a great deal of attention as strong candidates for integrated resort sites, various other local governments are interested in the IR. It is anticipated that IR Promotion Council will be established on a full scale in June or July as a future roadmap.
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guaranteed that biddings would be open to international enterprises. Discussing both local area and metropolitan area casinos, Takeshi Iwaya, who serves a chief secretary of Diet Members Alliance, mentioned from last year, said: “The IR Promotion Act has no definition of such casinos, but stipulates local governments’ independence. The materials indicating a basic concept of the Act defines the local area casinos as the IR with a size appropriate for a concerned area.” He clarified his posture to work on the government in accordance with such basic concept.
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