• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 9 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Wakayama Mayor expresses opposition to holding referendum on IR development

Newsdesk by Newsdesk
Tue 18 Jan 2022 at 17:01
Courting nature

Wakayama

15
SHARES
378
VIEWS
Print Friendly, PDF & Email

Wakayama Mayor Masahiro Obana has expressed his opposition to holding a referendum on the prefecture’s planned IR development, citing unnecessary cost and a lack of relevance to the process.

Information containing the opinions of Mayor Obana was distributed at a City Council steering committee meeting on Monday after a group called the “Wakayama Resident’s Group for Questioning the IR Bid” submitted a petition containing 20,039 signatures earlier this month and demanded a referendum.

The number of signatures accounted for around 6.5% of the city’s voting population and far exceeded the 2%, or 6,200 signatures required to take such action.

Under Wakayama law, the mayor is required to call a city council meeting within 20 days of accepting such a petition at which he must make a proposal about the referendum to the council, including his own opinion. The referendum will only go ahead if passed by the council.

According to local media reports, Mayor Obana stated his opinion that a referendum is expensive to implement, is not legally binding and that it is therefore difficult to establish the significance of conducting such a process.

Wakayama is one of three locations planning to submit a bid for IR development to the central government by the 28 April 2022 deadline after it selected a consortium headed by Clairvest Neem Ventures as its preferred operator partner in June 2021. A basic agreement between the operator and prefecture was signed in August. It has since been announced that US casino giant Caesars Entertainment announced will participate as casino operator should the central government approve Wakayama’s IR bid, however Caesars has emphasized they have “no capital commitment” to the project.

Clairvest is currently working with the prefecture to put together a regional development plan, which must be submitted to the central government by April.

However, a series of resident briefings that had been planned for last November were postponed after it was pointed out that specific details around the provision of capital and funding had not been disclosed.

One year ago, in January 2021, an anti-IR group submitted a petition for a referendum regarding an IR bid in the city of Yokohama with 190,000 signatures – triple the required number. The proposal was subsequently dismissed by the city council, however Yokohama’s IR plans were quashed in August after anti-IR campaigner Takeharu Yamanaka won the mayoral election.

RelatedPosts

Wynn Resorts Chairman says departing CEO Maddox keen to explore non-gaming career opportunities

Wynn wary of returning to Japan amid talk of second IR bidding round

Wed 7 May 2025 at 06:12
MGM Resorts unveils Osaka IR concept

MGM increases Osaka IR equity investment to US$3 billion but bullish on expected returns

Thu 1 May 2025 at 10:33
The Japan IR Industry: A Golden Opportunity Squandered

MGM-Orix consortium breaks ground on Osaka IR project

Fri 25 Apr 2025 at 05:50
Konami’s Gaming & Systems revenue slightly down to US$122 million in six months through September

Konami seen generating strong cash flows in foreseeable future after regaining post-COVID earnings power

Sun 20 Apr 2025 at 07:54
Load More
Tags: ClairvestirJapanMayor Masahiro ObanaReferendumWakayama
Share6Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Galaxy Macau to host 2025 Annual Conference of the FIA – world motorsport’s governing body

Favorable VIP hold pushes Galaxy Entertainment Group’s 1Q25 profit to US$412 million

by Ben Blaschke
Thu 8 May 2025 at 14:03

Macau’s Galaxy Entertainment Group (GEG) reported total net revenue of HK$11.2 billion in the first three months of 2025, including gross gaming revenue of HK$10.9 billion (US$1.36 billion) – up 13.6% year-on-year although slightly lower than the HK$11.0 billion (US$1.38...

Solutions Showcase: Angel – Tech Minded

Baccarat side bets now contribute close to 50% of Macau baccarat revenues

by Ben Blaschke
Thu 8 May 2025 at 13:32

Baccarat side bets now contribute between 45% and 50% of Macau’s gaming revenues, representing a generational shift in player preferences thanks to the deployment of smart gaming table technology. Stakeholders told IAG that such side bets previously comprised only a...

House of Dancing Water returns to City of Dreams Macau with spectacular premiere

House of Dancing Water returns to City of Dreams Macau with spectacular premiere

by Pierce Chan
Thu 8 May 2025 at 11:11

After a five-year hiatus, City of Dreams’ epic production House of Dancing Water held its premiere on Wednesday 7 May ahead of an official opening to the public on Friday. The newly reimagined resident show is produced by Giuliano Peparini,...

Grand Korea Leisure extends casino closures until 15 February

Grand Korea Leisure’s casino revenues up to US$26 million in April

by Newsdesk
Thu 8 May 2025 at 07:03

Foreigner-only casino operator Grand Korea Leisure reported casino revenue of KRW36.2 billion (US$25.9 million) in April, up 11.5% year-on-year but down 12.7% compared with March. GKL’s casino revenue comprised an 11.7 % year-on-year increase in table revenue to KRW32.9 billion...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English