Integrated casino resort schedule from Wakayama Prefecture
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The government for Wakayama Prefecture wants to have agreed a draft development plan for its envisioned integrated casino resort before the end of November. Clairvest Neem Ventures Company Limited was named as the preferred operating partner for the proposed Las Vegas-style venue in June.
Most casino gambling is currently illegal in Japan. The coalition government of Shinzo Abe passed legislation in July of 2018 that is to see the nation offer up a trio of 40-year casino licenses. Candidate communities are first being required to partner with an experienced foreign operator before submitting their final plans to a panel of federal selectors ahead of an April 28, 2022 deadline.
Wakayama Prefecture is planning to build a casino resort. Nagasaki Prefectures and the city of Osaka are also interested in the license.
Wakayama Prefecture is hoping to have finalized the tenets of its draft development proposal in partnership with Clairvest Neem Ventures Company Limited by the end of the year. Clairvest Neam Ventures has already inked associated alliances that are to see French behemoth Groupe Partouche SA operate its envisioned gambling-friendly facility for Wakayami Prefection.
