national

Yokohama to join bidding race for hosting casino resorts

10 Comments

The city of Yokohama is planning to join a race to bid for hosting newly legalized casino resorts in Japan that will be built by the mid-2020s, city government sources said Monday.

Yokohama Mayor Fumiko Hayashi may officially announce the city's policy later this week at a press conference, the sources said. The prefecture and city of Osaka as well as the prefectures of Wakayama and Nagasaki have already entered the race.

Under the integrated resorts promotion law enacted in July 2018, Japan aims to see the first batch of casino resorts comprising hotels, conference rooms and shopping facilities open at up to three areas in the country.

The port city with a population of some 3.75 million located just outside of Tokyo is considering building the resorts at the 47-hectare Yamashita Wharf, adjacent to its major sightseeing spot Yamashita Park, the sources said.

The city government will submit to a regular session of the local assembly in September a draft extra budget covering 260 million yen ($2.4 million) to be spent for the bidding, including expenditures to boost the number of staff, they added.

In March, Japan's Cabinet approved requirements for the envisioned casino resorts, including hotels securing more than 100,000 square meters for guest rooms. But the state has yet to make public its basic policy in selecting the locations.

The Yokohama mayor had said the city's stance about the bidding is "a blank slate," but she is likely to have judged it necessary to make early preparations so that the municipality can move forward as soon as the government's basic policy is disclosed, the sources said.

With the cooperation of 12 casino resort operators such as Las Vegas-based Wynn Resorts Ltd., Yokohama estimated in May that such a resort can generate annual economic effects of up to 1.6 trillion yen. The city has also held briefing sessions on the casino plan for its citizens.

The local chamber of commerce and industry has requested the mayor to apply to host the resort, while a questionnaire survey given to citizens who joined the briefing sessions showed some negative views associated with concerns about gambling addiction and deterioration of public safety.

Furthermore, Yamashita Wharf is the subject of another redevelopment plan focused on building tourist spots and attractions and a local association of warehousing business operators at the wharf remains opposed to the casino project.

© KYODO

©2019 GPlusMedia Inc.

10 Comments
Login to comment

OMG, the yakuza's and corrupt government officials must be dancing a jig right now

4 ( +4 / -0 )

Sounds like an awesome deal.

Other Asian tourists enjoy gambling so this is a win-win for all involved.

-7 ( +1 / -8 )

Please please please don't ruin Yokohama with this. It's the chillest city in all of Japan (and the prettiest urban center but thats just my opinion) even though there's a high percentage of tourists.

7 ( +7 / -0 )

"Race?" Right, more like a race to increased headaches and pressure on social and public services.

Casinos are the last thing this gambling loving country needs!

4 ( +4 / -0 )

Running a casino doesn't ruin any city in Japan because of Pachinko Parlors everywhere.

Let's hope potential casinos won't be run by N. Koreans (like pachinko) or yakuza or corrupted Jp govn who are connected with the former!

-2 ( +1 / -3 )

Please don't open mega casinos in Japan this will attract a whole bunch of undesirables to the country.

Yes it will bring in money but for who and at what cost for the Japanese society ?

I remember reading somewhere that Japanese residents have to pay an entrance fee while foreign tourists don't have to pay one, talk about being discriminated in your own country...

a questionnaire survey given to citizens who joined the briefing sessions showed some negative views associated with concerns about gambling addiction and deterioration of public safety.

Why do they even bother doing these questionnaires when we all know they do as they please anyway ?

With the cooperation of 12 casino resort operators such as Las Vegas-based Wynn Resorts Ltd.,

Ah yes LDP is letting their Washington overlords tighten their grip on Japan even further by giving the sector away to one of the US government's globalist support groups.

Who knows maybe Donald Trump will try building a second Atlantic City in Japan and he will even let Abe work as a croupier when the people in Japan finally get sick of him.

3 ( +3 / -0 )

Increasing corruption, facilitating money laundering - is that what Japan and Yokohama want?

I'd be very suspicious of any supposed benefits and over-inflated estimates of financial benefits to the city. Casinos are playgrounds for the idle rich, laundromats for crime money, and misery for gambling addicts.

Don't do it.

5 ( +5 / -0 )

Increasing corruption, facilitating money laundering 

This is not a joke either. Japanese banks have only recently changed their regulations regarding overseas remittances because there have been "concerns" about money laundering here going on for quite a number of years.

I have a friend who works in a school that sends students overseas, and the parents must pay directly to the school and their funds are held in an account for a week to two weeks before it gets transferred!

0 ( +0 / -0 )

They also want to see the provenance of any deposit entering the country that is more than 300,000. These regs have nothing to do with money laundering, and everything to do with finding and taxing funds held in foreign accounts.

0 ( +0 / -0 )

When the yakuza are forced to go legit, are they still yakuza?

Legalized gambling will probably save some lives and prevent a lot of trauma. The way to pull the rug out from under bad people is to take away their black market.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites