Hong Kong-listed Okura Holdings said it was closing down two of its pachinko parlours due to intense competition in the industry and the impact of Covid.
A general meeting of the Wakayama IR Promotion Council held last weekend passed a resolution urging the prefectural government to make its decision on an IR operator partner as soon as possible.
Japan’s Keirin (bicycle racing) has not been left behind in the nation’s recent online wagering boom. While revenues have been advancing slowly in recent years, in 2020 overall ticket sales jumped to just under JPY750 billion (US$6.9 billion), a 13.6% year-on-year increase.
The authorities in Osaka are concerned that they have lost leverage in negotiations with the MGM-Orix IR consortium, and that poor business conditions will force a significant scaling back of ambitions, according to the reporting of the Nihon Keizai Shinbun.
A consortium of public institutions is being formed in Nagasaki Prefecture to support the education of young people who may eventually work at the prospective IR at the Huis Ten Bosch theme park or in related industries such as hotel and MICE.
The possibility that Japan might legalize sports betting for popular sports like professional baseball and soccer exploded into the public view on Wednesday with a scoop carried in the Financial Times.
In response to the latest state of emergency declaration in four prefectures, it does not appear that any pachinko company has chosen to comply with their governors’ requests to suspend operations.