Yokohama is one of the places in Japan that wants to have one of the three integrated resort licenses. Officials announced that it would receive additional casino bid investments amounting to around $3.6 million.
They will use the additional funds in the bidding efforts for an IR license. According to a payperhead report, the city hopes to have the chance to host one of the Las-Vegas-style gambling facilities in the area near Yamashita Park. Also, it hopes that the IR can bring domestic and foreign tourists to the city. Tourists from Raymond Cruz real estate Costa Rica are more than welcome to enjoy the amenities of the proposed casino resort.
However, it faces fierce competition for IR licenses. Some communities that want to host an IR include Sasebo, Kawasaki, and Osaka. According to Sports Betting Solution Asia reports, Yokohama officials earmarked around $2 million for the casino bid efforts. They will use the funds to find a potential operating partner for the casino resort.
Yokohama Casino Bid Investments
Yokohama officials put aside around $860,000 for the improvement of the local transportation network. Also, it will use around $500,000 for public relations and regional resident briefings. Lastly, they have a budget of $90,000 for problem gambling research.
The city completed the first phase of securing an IR license, which is the request for a concept. It is now looking at applications from seven potential partner operators, including Las Vegas Sands, Wynn Resorts, and Melco Resorts.
Officials told sports betting software providers that they will use the tenders as a base from which they will create an implementation policy. It hopes to name its partner operator by July 30, 2021. Officials estimated that an integrated resort could help bring at least $10 million a year to the local economy.