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Governor says Wakayama may withdraw from Japan’s IR race if remaining candidate Clairvest deemed unlikely to win

Tomo Yamamoto by Tomo Yamamoto
Wed 19 May 2021 at 06:05
Why not Wakayama?
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Wakayama Governor Yoshinobu Nisaka has suggested that the prefecture may opt against taking part in Japan’s IR selection process should it deem the sole remaining operator, Clairvest Neem Ventures, unlikely to win national approval.

His comments, reported by local media this week following the withdrawal of Wakayama’s only other candidate, Suncity Group, suggest that officials are no certainty of naming Clairvest as the prefecture’s IR operator partner.

Wakayama had been due to name the successful candidate from its RFP in mid-April but had put that decision on hold in the weeks before Suncity’s withdrawal.

“It is not ideal that there is only one company and we just choose them or don’t,” Governor Nisaka said at a press conference on Tuesday.

He was further quoted by local newspaper Agara as stating, “If it is very unlikely that the area development plan we propose to the national government will pass, then we will not select this operator.”

However, Nisaka also said, “Not making a selection means giving up on the idea of IR for a few years. I have been promoting it for a long time. There are few investment projects of this size for employment and income. I think we should definitely take this chance for the future of Wakayama.”

The prefecture’s selection committee will continue to examine Clairvest Neem Ventures (Tokyo) and is expected to announce its decision in the coming weeks.

The prefecture’s IR Promotion Office emphasized that it does not intend to change the schedule.

“We will continue to examine the remaining operator’s suitability and publish the selection method and evaluation process along with documentation for transparency,” a representative said.

If Clairvest is selected, a regional development plan will be prepared and submitted to the government by 28 April 2022. If the application is approved, the goal is to open an IR by spring 2026.

Wakayama joins Osaka as locations with just a single operator candidate remaining before a winner has even been named.

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Tags: ClairvestGovernor Yoshinobu NisakairJapanSuncity GroupWakayama
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Tomo Yamamoto

Tomo Yamamoto

Born in Okayama, Japan in 1964, Tomo has covered horse racing, professional baseball, golf, boxing and more in his role as a sports writer. He first encountered casinos before Macau was returned to China in 1999. He has traveled to South Korea and Manila to cover events and scope out the local scene. He has studyied “How to get along with casinos,” a topic he learned of from Osaka University of Commerce.

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