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Tag Archives: Wakayama

Japan – Wakayama throws in the towel on its casino bid

Plans to develop an Integrated Resort casino in Wakayama have now ended following a vote in Wakayama Prefectural Assembly committee by 18 votes in favor, 22 votes against with Wakayama Governor Yoshinobu Nisaka saying it was ‘a bitter blow.’ It leaves only Nagasaki and Osaka in the bidding for two of the three casinos licences…

Japan – Caesars revealed as partner to Clairvest Wakayama bid

Clairvest Neem Ventures K.K. has revealed the participation of Caesars Entertainment, in its development and operating consortium for a Wakayama Marina City-based world-class integrated resort (IR) in Japan. Caesars joins the consortium in full compliance with Japanese law and with no capital commitment. The combination aligns Clairevest, one of the most experienced IR development and…

Japan – Wakayama happy to proceed with Partouche and Clairvest for IR bid

French casino group Partouche will be put forward as the casino operator of choice in the Japanese prefecture of Wakayama with local politicians saying they are happy to proceed with the Clairvest Neem Ventures consortium which as partnered with the French operator, in the region’s bid to land one of three Integrated Resort casinos. Clairvest…

Japan – Clairvest names Partouche as operating force behind Wakayama’s bid

Groupe Partouche will be the casino operating force behind the Integrated Resort casino in the Japanese prefecture of Wakayama, having partnered with the prefecture’s chosen operator Clairvest Neem Ventures. Clairvest Neem Ventures also named AMSE Resorts Japan as a core member in the development saying it will ‘have the combined expertise of the two most…

Japan – Wakayama names Clairvest as chosen operator but wants project refined

Toronto-based private equity firm Clairvest Group has been confirmed as the chosen operator for the Japanese city of Wakayama, giving the prefecture the lead over the over three regions known to be pursuing Integrated Resort casinos. Clairvest will spend US$4.3bn on an IR on Wakayama Marina City, covering 569,000 sq. m. with the gaming floor…

Japan – Suncity withdraws from Wakayama IR leaving Clairvest in sole position

Canada-based Clairvest has been left as the only company in the race to be named the preferred operating partner for Wakayama’s bid to land one of three Integrated Resort casinos following the withdrawal of Asian junket investor Suncity Group from the tender. A decision was expected to be given by the prefecture on its winning…

Japan – Wakayama IR Promotion Council tells prefecture to speed up casino announcement

With the race for a casino licence only involving two competitors, the Wakayama IR Promotion Council wants the Wakayama government to announce its preferred partner as soon as possible. The competing developers Asian junket investor Suncity Group and Canada-based Clairvest have seen the selection date delayed several times already with spring this tear the current…

Japan – Wakayama will be the first prefecture to name its chosen operator

Wakayama will be the first Japanese prefecture to name its chosen IR casino operator, confirming spring as the time when a decision will be announced. Only two groups are in the running; Suncity Group Holdings and Clairvest. The prefecture’s IR Promotion Office told IAG: “We can only answer that a decision will be made in…

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…