The Japanese government has put forward high requirements for non-gambling IR's
The Japanese government told about how many hotels and conference rooms it hopes to see on the territory of any casino resorts (IR) built in this country.
Kyodo News Agency reported that hotels in Japan’s integrated resorts ideally should have a total of 100,000 m2 of hotel rooms and a conference room of up to 120,000 m2, capable of accommodating up to 6,000 people. The message cites a government announcement.
Kyodo writes that these expectations far exceed what the Japanese entertainment resorts have so far offered.
So, based on the fact that the average size of a hotel room in Japan is 50 m2, the new recommendation means that the construction of each casino resort should provide for a hotel for 2,000 hotel rooms. This greatly exceeds the number of rooms of one of the largest hotels in the country. To date, it offers 1500 rooms.
The news says that the largest exhibition space in Japan was at the Tokyo International Exhibition Center - 95,000 m2, and the largest conference rooms were in Tokyo and Yokohama, each of which accommodated 5,000 delegates.
The MGM Resorts International company (USA), which claims to obtain a license from Japan, reported that the likely cost of building a casino resort in Japan is $10 billion.
Despite the fact that, in general, analysts have made optimistic forecasts about future revenues from the casino industry in Japan, some experts are convinced that the prolonged bureaucracy and the lack of consensus will negatively affect the gross game income (GGR) and profits.
The Kyodo article also states that the Japanese government suggested that in the case of a smaller-scale IR's, it was necessary to create a conference room of 60,000 m2, so that it could accommodate 3,000 people.
The approval of the unified requirements by the Cabinet of Ministers of Japan should occur at the end of March, after a public discussion, which will be open until March 4, Kyodo reports.
A recent study of the publication, covering all 47 prefectures in Japan and 20 major cities eligible for IR placement, showed that only three of them have plans to apply to the national government for permission to build a gambling casino resort.
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