Wakayama residents petition for a referendum regarding casino bid

A Wakayama Development

The Wakayama prefecture is potentially a front runner for a Japan casino license. The prefecture has chosen Clarivest Neem Ventures to construct and operate an IR. Wakayama selected the company as its preferred partner back in June and an agreement was signed two months later. The casino operating partner for the project is Caesars Entertainment, a US-based company.

Plans are now in the works to create a proposal for area development. An application to the central government should be filled out by late April 2022.

Casino gambling is currently illegal in Japan but legislation passed in 2018 set up the option for three 40-year gaming licenses to be awarded. To be selected as a potential host area, communities must find an experienced foreign operator then meet the application deadline.

Other jurisdictions have been in the running including Osaka and the Nagasaki Prefecture.

Source: https://news.worldcasinodirectory.com/wakayama-residents-petition-for-a-referendum-regarding-casino-bid-98085