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THE MOST RECENT DEVELOPMENTS


Subsequently, in April 2018, the working team concerning the ruling party’s IR Implementation law issued their opinion regarding the eleven (11) material points which gives additional insight as to the implementation and development of the Japanese integrated resort, which could be summarized as follows:


l Size of casino facilities


Considering that the location and size has yet to be defined, rather than setting a limitation on the absolute value, it was determined that the gross floor area of IR facilities shall be limited to 3% or less. Te basis of the calculation shall be 3% of the “gross floor area” and not the land area, which should ensure the casino to be “only a part of the facilities”, there should be a strict limitation on the number of times of entry and/or higher entry fee to prevent problem gambling


l Limitation on the number of times of entry and means to verify identity


the government handled things last year gave an impression that we “ran through” the process in passing the Bill last year.


Terefore, the government is very careful in addressing the general public’s (and opposition’s) concern regarding the countermeasures. In fact, the Whitepaper, which is 95 pages long, uses up 45 pages of it to address the problems associated with gambling.


One of the point of focus is “problem gambling”, and for this issue, the Whitepaper tries to address this from numerous aspects, starting from the ceiling to the size of the casino facility we discussed earlier, the entrance fee to be charged to the Japanese nationals, cash-only management within the casino premises (no ATM) and further through monitoring the number of days which the Japanese residents may enter the casino on not only monthly (like the approach which is taken in Korea), but also on a weekly basis.


Although some of the aspects are not necessarily as good as it could have been, the manner in which the Whitepaper tries to handle things suggests that the government is giving its focus to really have things ready to start the casino sooner rather than later by taking a practical approach.


Te government proposal shall be acceptable from the perspective of strict measures to prevent the addiction. “3 times in 7 days + 10 times in 28 day” for the limitation of the number of times of entry, and using “My Number cards” for the verification of identity and the number of times of entry.


l Entry fee


Considering the difference of GDPs per capita between Japan and Singapore, the entry fee shall be 6,000 yen from the perspective of securing the level substantially higher than the entry fee in Singapore.


l Levy


Levy shall be a fixed rate of 30 per cent since a progressive system could reduce the incentive for entities to expand their business by additional investment and presents a risk to discourage investment to realize the commonwealth.


l Casino management committee


Te government proposal shall be acceptable from the perspective of the fact that the committee is an independent committee based on Article 3 of the National Government Organization Act which has a strong authority (e.g. 5 committee members, personnel approved by the Congress). It ensures the ability or disinterest of outsourcing of research.


A method of consensus-building at the ground level shall be institutionalized by requiring a resolution by the local legislature filing application and the consent by the city itself. Te law shall specify that the consent of the city can be provided for in an ordinance as a matter to be resolved by the assembly by applying Article 96 Paragraph 2 of Local Autonomy Act.


l Process until opening


Taking into account the status of preparation by a local government, early realization of the effect of Japan-type IR and secure procedures for consensus in a local area, two sets of application and designation process shall be contemplated subject to the legal cap on the number of recognized IR areas.


NEWSWIRE / INTERACTIVE /MARKET DATA P125


l Number of IR areas


Taking into account (i) the additional resolution stating that “the number of location shall be strictly limited to a small number and the number of areas shall be specified by law from the perspective of international competitiveness as specific complex sightseeing facilities and the perspective of prevention of gambling addiction” and (ii) the comment made by the sponsor of the bill during the Diet session that “2 or 3 areas at the most in the early stage“, the number of location shall be maximum of three.


l Timing to review the number of IRs


Giving consideration to local areas which desire and are preparing establishing the facilities while securing a period for determining the effect of IR, the timing shall be after 7 years have passed since the first designation of the IR. Te IR Implementation law shall contain a clause specifying that after 5 years have passed since the first designation, the IR Implementation law as a whole shall undergo a review.


l Requirements and criteria of core facilities


Te government proposal shall be acceptable from the perspective of realizing the developed country in sightseeing. Considering that the core facilities shall be appropriate for Japan-type IR, and each facility or area where the facilities are built shall have various characteristics, a cabinet order shall provide matters such as that the size should be sufficient for it to be the landmark facility of our country


l Relationship with cities where the facilities will be built


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