A new date has been set for the deadline to submit request-for-approval (RFP) submissions from the private sector in Wakayama, Japan. The prefecture is about to decide who will build a casino resort. January 15th is a big change from the previous date of October 2021 due to the pandemic.
Wakayama has seen fit to make other changes in their timetable, reflecting the national government’s window for local governments to apply to the central government. The authorities will start accepting bids for the future casino’s host.
Of note, three venues will be permitted in the first phase of market liberalization in Japan.
The delay for a new integrated resort (IR), including a large-scale casino and tourist facilities, came early in October. The resort is expected to open in the spring of 2026 (a two year difference from the target date of 2024). A private-sector operating partner will be considered this spring.
Other minor revisions to the prefecture’s plans include countermeasures against infectious disease. This been added to the revised national IR police.
On May 14, Wakayama announced that two applicants had qualified to participate in its RFP: Suncity Group Holdings Japan Co Ltd, and Clairvest Neem Ventures. The former is a Japan unit linked to privately-held Macau junket investor, Suncity Group. The latter is a unit of Canada-based private-equity management firm, Clairvest Group.