"We will develop the resort business, which is at the prior investment stage, into a driver of long-term growth,” also commented Satomi in a business update titled "Integrated Report 2017”.
Casino industry consultancy Global Market Advisors outlined in a memo following Japan’s snap parliamentary election held on October 22, a possible timetable for the legislative process still required in order to
It included a bill to address problem gambling, perhaps as early as this year during an extraordinary session of parliament possibly commencing in early November. That legislation would be followed in likelihood next year by the Integrated Resorts (IR) Implementation Bill, said GMA. The latter piece of legislation would provide a framework for the industry.
"If an IR Implementation Bill is enacted, the government will advance to the stage of
Referring first to a Japanese non-gaming resort Sega Sammy currently runs in Miyazaki Prefecture on Kyushu Island in the south of the country, the chairman added: "The group is accumulating expertise in the development and administration of integrated resorts through Phoenix Seagaia Resort and a joint venture in South Korea with the Paradise Group.”
Source: GMB / GGR Asia
