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Wakayama postpones resident IR briefing sessions due to insufficient information

Shintaro Kamimura by Shintaro Kamimura
Mon 22 Nov 2021 at 06:39
Why not Wakayama?

Wakayama

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Wakayama Prefecture has announced that it will postpone scheduled resident briefing and public feedback sessions in 14 locations due to information supplied being deemed insufficient. The sessions were due to be held from 25 November to 5 December.

At the special committee of the prefectural council held on 19 November, an official representing Wakayama’s preferred IR partner Clairvest Neem Ventures Co Ltd, which is tasked with building and operating the facility, explained the involvement of Caesars Entertainment, recently named as the IR’s casino operator, and the group’s plans for a MICE facility.

Members of the council asked questions about financing and individuals to be involved in the operation but the prefecture and Clairvest said they could not give specific details at this time.

The committee subsequently came to the conclusion that there had been insufficient information supplied to residents and that the briefing sessions should be postponed. The prefecture acknowledged the opinion of the committee and announced a postponement of the briefings and public feedback. The next briefing is now scheduled to be held in February 2022.

Wakayama prefecture selected Clairvest in August as its preferred candidate for constructing and operating an IR. A basic agreement was also signed with Caesars named as casino operator in September.

Clairvest and Wakayama are working together on an area development plan to apply to the central government by the application deadline of 28 April 2022.

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Tags: Caesars EntertainmentcasinoClairvestJapanpublic briefingsWakayama
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Shintaro Kamimura

Shintaro Kamimura

Shintaro Kamimura (from Tokyo) has worked for many years as a professional mahjong player, mahjong instructor and a writer. He travels far and wide both in Japan and overseas, fine-tuning his already extensive expertise in many areas of gaming, including Japanese pachinko and slot machines, and overseas casinos.

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