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Japan – Wakayama sets its sights on casino unveiling in 2026

Asian junket investor Suncity Group and Canada-based Clairvest, the only two companies that have lodged proposals to develop a casino in Wakayama, located east of Osaka, have been told their IR would need to generate ‘significant economic and employment effects’ and ‘attract customers from within Japan in order to further develop the prefecture.’

It will make a decision on the chosen operator/developer in the spring and will apply for regional certification by April next year, with the aim of unveiling an IR property in 2026.

Wakayama wants to develop a casino on the artificial island of Marina City in Kemi, Wakayama City, with the operating licence lasting for 40 years. The project’s a focus must be on sports and well being, taking advantage of the waterfront location, hot springs, food culture and other local resources Wakayama famous for. It should offer exhibition and conference facilities with at least 100,000 square meters of hotels and a casino making up no more than three per cent of the project’s footprint.

Suncity has said it would spend between HK$30bn and HK$35bn (US$3.8bn to US$4.5bn) on an Integrated Resort in its Wakayama, in the Kansai region, on Honshū island’s Kii

Generálny riaditeľ Suncity Alvin Chau povedal, že víziou je „jedinečný projekt spájajúci historickú tradíciu prefektúry Wakayama, prírodnú krajinu a kultúrnu podstatu“.

Úrad už skôr uviedol, že viac ako 20 medzinárodných operátorov IR zo Severnej Ameriky, Európy a Ázie prejavilo svoj záujem na IR fóre, ktoré pritiahlo záujem operačných skupín vrátane Solaire, Lucien Barriere, Mohegan Gaming, Bloomberry Resorts a Galaxy Entertainment. Vláda chce, aby jej IR mal hotel s 2,500 40 izbami s kongresovým centrom a výstavnou sieňou. Marina City je asi 70 minút jazdy od medzinárodného letiska Kansai a XNUMX minút jazdy od Osaky. Jeho infraštruktúra je už dobre rozvinutá s mnohými hotelmi a zábavným parkom založeným na stredovekých európskych mestách.