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Tere are controversial views as to the actual number of locations where the IRs are to be established initially, ranging from two to three (which was originally discussed) to four to five (which was very recently proposed by the project team established by the ruling party).


For example, Osaka has been aggressively pursuing to have IR located in an island called “Yumeshima”, which is an artificial island created, originally to make a bid for the Olympics back in 2001. After being eliminated from the Olympic selection process, the vast majority of the land has been untouched, and Osaka is very keen in making effective use of such vacant land by converting it into an IR. However, the size of the land is around 140 hector, which is approximately 10,000 times larger than the casino floor.


So this may mean that Osaka may need to revise their plan which they have had for years, and their wish to convert the entire island to an IR may turn out to be very difficult.


THE LOCATION


● Te Whitepaper is consistent with the ongoing discussion, meaning seeking careful and phased introduction by limiting the number of casinos to be established


IRs are seen as facilities that should not be established all over the country, and therefore the number of facilities and the areas in which they are initially established shall be on a trial basis, which may be gradually increased. In doing so, the Whitepaper maintains the position of considering establishing them in large cities as well as local regions.


Tere are controversial views as to the actual number of locations where the IRs are to be


established initially, ranging from two to three (which was originally discussed) to four to five (which was very recently proposed by the project team established by the ruling party). Te Whitepaper also expressly states that there should be “one casino for one IR”, so the current thinking is not having multiple casinos competing against each other in a single location, but rather have such competition during the selection process.


THE GOVERNING BODY OF THE IR


● As a general background, all form of gambling that are currently legalised in Japan has a supervising ministry, according to their “purpose” as to why they are legalised.


NEWSWIRE / INTERACTIVE /MARKET DATA P123


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