Tag Archive : remain

Japan Casino Plan Likely to Remain Unchanged

Japan’s central government is not likely to push back a previously set license application timeline for the country’s first integrated casino resorts, according to a recent research paper from consultancy firm Global Market Advisors LLC (GMA).

The research firm further noted that Tokyo’s participation in the bidding process for the right to host one of Japan’s casino resorts is “not a matter of if but when.”

Japan legalized casino gambling in late 2016. Casinos in the country can only be part of larger multi-purpose complexes known as integrated resorts. Japan’s central government has authorized the development of up to three such properties during the first phase of casino market liberalization.

Cities and prefectures interested to host one of Japan’s first integrated resorts must find a private-sector partner in order to be able to participate in the license application process.

The application window is expected to open in January 2021 and to run through July 2021. According to GMA, that timeline would remain in place despite the fact that Japan is currently in a state of emergency amid the global Covid-19 pandemic.

The consultancy firm noted that if the application process was to be pushed back, “it is less likely that the integrated resort champion, Prime Minister [Shinzo] Abe will be spearheading the project.

Earlier this month, a minister from the central government told local media that they did not plan to change the application schedule.

GMA Expects Tokyo to Enter Race

GMA said in its recent paper that it believes “there are only six viable locations, with two of these – Nagoya and Tokyo – yet to formally raise their hands in the process.”

The four other prefectures, all of them having active efforts to participate in the casino application process, are Nagasaki, Osaka, Wakayama, and Yokohama, as noted by GMA.

According to the consultancy firm, it is “not a matter of if but when” Tokyo would announce its participation in the bidding process. GMA said that this could happen by the end of the summer following the re-election of Tokyo Governor Yuriko Koike.

In addition, the consultancy firm pointed out that “the addition of Tokyo could cause several operators and prefectures to potentially rethink their strategy.”

Earlier this month, the city of Yokohama announced that it had decided to push back the process for the selection of a private-sector partner in its effort to host one of Japan’s first three integrated casino resorts.

The city is now set to publish its integrated resort implementation policy and the application requirements for its request-for-proposal process for integrated resort operators in August instead of June.

Yokohama’s Mayor, Fumiko Hayashi said that despite the delay, their new timetable still fits comfortably within the timetable set out by the central government.

Source: Abe to stick to 2021 casino schedule, Tokyo to bid: GMA

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Virtual sports to remain “core offering” long term

Virtual sports will be a “core offering” for operators when live sport returns, according to the COO of Inspired Entertainment.

The president and COO of the virtual sports supplier, Brooks Pierce, has used the success of the Virtual Grand National earlier this month as an example of how virtual sports can plug the gap of live sports.

The Virtual Grand National, which replaced the actual race after it was cancelled because of the coronavirus outbreak, was aired on ITV on 4 April, raising £2.6m ($3.2m) for NHS Charities Together, while reaching a peak viewership of 4.8 million.

With Inspired Entertainment providing the animation for the race, Pierce is adamant the vertical is here to stay.

Speaking to Gambling Insider, Pierce said: “In addition to the extensive viewership, information about Inspired’s Virtual Grand National was trending second worldwide on Twitter for a period of time. This is a great example of how virtual sports can plug the gap and bring people together.

“Virtual sports can fill the void of live sports with ultra-realistic content and with attractive betting options that sports wagering fans are used to and can easily adopt.

“It will also be a core offering when live sports are back, as players like the quick action offered by virtual sports with a contest going off every few minutes.

“Our virtual sports business has seen significant growth in the last month and so have our online and mobile slot games.”

Inspired is hoping its V-Play Basketball virtual game can help fill the void after March Madness was cancelled last month, while it is the only current provider of virtual American Football, which it said has seen a “tremendous response” since last year’s launch.

You can read the full Virtual Sports feature in our May/June edition of Gambling Insider when it is published.

Colorado’s marijuana businesses can remain open during pandemic, but they say they’re still struggling

As the coronavirus fueled changes in regulation for Colorado’s cannabis industry, leaders at LivWell Enlightened Health knew they needed to make dramatic moves to keep the business and its workers thriving. And fast.

On March 30, 18 company executives and department heads agreed to suspend their compensation for three months to avoid making cuts elsewhere, including personnel.

The company employs 690 people between its cultivation sites, business administration and 18 dispensaries in Colorado and Oregon. Most are what Executive Director Dean Heizer calls “heartbeat” employees, namely, those on the front lines serving customers in marijuana dispensaries and working in its grow facilities sites to ensure there’s product to sell.

Read the rest of this story on DenverPost.com.

State cannabis regulations remain complex, but growers steadily becoming compliant

Save for a few adjustments in state laws, a cannabis permitting workshop in Fortuna on Wednesday carried out in exactly the same way as another workshop 18 months prior — each serving as an effective how-to on becoming legally compliant with California’s pot regulations.

But for state officials walking attendees through the ins and outs of state policies, there’s one evident distinction between past and present workshops: whereas an August 2018 event packed the River Lodge with 100 growers and consultants, only about 15 people showed up to Wednesday’s occasion.

Janice Mackey, a public information manager for the state Department of Fish and Wildlife, said the decline in attendance signals good news that more and more cannabis growers are coming into compliance with California’s legal system.

Read the rest of this story on Times-Standard.com.

California marijuana regulations remain complex, but growers steadily becoming compliant

FORTUNA– Save for a few adjustments in state laws, a cannabis permitting workshop in Fortuna on Wednesday carried out in exactly the same way as another workshop 18 months prior — each serving as an effective how-to on becoming legally compliant with California’s pot regulations.

But for state officials walking attendees through the ins and outs of state policies, there’s one evident distinction between past and present workshops: whereas an August 2018 event packed the River Lodge with 100 growers and consultants, only about 15 people showed up to Wednesday’s occasion.

Janice Mackey, a public information manager for the state Department of Fish and Wildlife, said the decline in attendance signals good news that more and more cannabis growers are coming into compliance with California’s legal system.

Read the rest of this story on MercuryNews.com.