Japan extends deadline for casino host city bids to April 2022

Japan extends deadline for casino host city bids to April 2022

The logo of Las Vegas Sands Corp is pictured at the Japan IR EXPO in Yokohama
FILE PHOTO: The logo of Las Vegas Sands Corp is pictured at the Japan IR EXPO in Yokohama, Japan. (Reuters/Kim Kyung-Hoon)

TOKYO: Japan has pushed back by nine months a July 2021 deadline for cities to submit bids to host casinos amid delays in preparation and a downturn in operators' business conditions caused by the COVID-19 pandemic, the Japan Tourism Agency said on Friday (Oct 9).

The government sees the so-called integrated resorts, which include casinos, shopping outlets and hotels, as a significant means of bolstering tourism, tax revenue and local economies as the country grapples with the impact of a shrinking population.

It has authorised licences for three resorts, and set a new Apr 28, 2022, deadline for bids and development plans from interested cities. Those that have expressed an interest include Yokohama, Tokyo, Osaka - Japan's three largest cities - as well as smaller cities including Nagasaki and Wakayama.

READ: MGM Resorts-led consortium named as lead bidder for Osaka casino project

The government's plans for the resorts have been hampered in the past by opposition from a public wary of gambling addiction and a bribery scandal that led to the arrest of a high-profile lawmaker.

In May, Las Vegas Sands Corp ended its plans for a resort in Japan.

Source: Reuters/lk

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