Public briefing for Yokohama integrated casino resort plan
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Yokohama officials held the first of six online briefings to lay out the specific direction of their campaign to win one of the coming trio of integrated casino resort licenses. The seminar was held on Saturday afternoon as part of latest request for proposal stage of drive to select a prospective operator for envisioned Las Vegas-style development.
Yokohama is hoping to be given permission to bring a gambling-friendly development complete with multiple hotels, exhibition facilities and retail elements to a 116-acre parcel of waterfront land near Yamashita Park. However, the effort to secure one of the three licenses is purportedly set to face local opposition.
Yokohama is the second largest city in Japan with a population of 3.7 million people. It kicked off the RFP stage of its casino campaign in December of 2019 and received concrete operator applications from seven candidates.
Yokohama is hoping to have picked a preferred partner by the autumn and submit its license application to a panel of federal selectors in April of 2022.
Yokohama's Deputy Mayor, Toshihide Hirahara, gave a briefing on the planned integrated casino resort. He said the public purse would receive 15% of the takings and half of all the cash earned from entry fees. The funds would be used to help the community endow local social welfare and cultural programs.
