As part of the economic development of Japan, former Prime Minister Shinzo Abe fought to authorize the construction of three hotel-casinos. These complexes could bring in significant revenues for the country ranked second behind Macao in the market. However, the spread of Covid-19 has caused difficulties for the project not to mention the corruption scandal and the resignation of the main instigator, Shinzo Abe.
A New Schedule In Progress
The situation of casino hotels should take a new turn by the end of the month thanks to the outcome of a final text. On Wednesday, December 9, the Liberal Democratic Party (LDP) has just accepted a project which reassesses the basic policy affecting future establishments. Therefore, proposals prefectures start pouring with applications that can range between 1 st October 2021 until April 28, 2022. Compared to the previous schedule, it lags 9 months late. As a result, the infrastructure opening dates have been postponed.
With the complications due to Covid-19, the construction of the three hotel ewallet casino Malaysia on Japanese territory was disrupted, forcing operators to put them on hold. The international health crisis continues to disrupt the sector. From now on, the government in place hardly hopes to see these complexes finally ready for the Olympic Games of Tokyo which will take place soon. Moreover, establishments will not be able to open for the Osaka World Expo in 2025 either. This is a major event attracting many visitors. In addition to the constraints caused by the epidemic, other problems arose that hampered the various approaches.
Fewer Prefectures And Interested Operators
Between the delays and the strong opposition of the inhabitants, the installation of hotel-casinos faces difficulties slowing down certain prefectures. Indeed, most of them withdrew by abandoning their project. Now, there are only 4 who have maintained their request and their intention to submit their application. The list includes the cities of Yokohama, Wakayama, Osaka and Nagasaki. On this point, the last two are already planning to launch their call for link ewallet slot tenders during the month of January 2021.
This lack of interest also affects casino operators who wished not to take risks in this period of health crisis. It goes without saying that the measures put in place to slow down the virus are preventing the process from running smoothly. In the end, this greatly reduced the number of actors interested in the project in question who seek above all to limit their expenses due to the extension of the closure of their establishments.