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

By - 22 luglio 2021

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 will spend JPY470bn (US$4.3bn) on its ‘land of wood and water’ themed resort, much more than the JPY279.9bn (US$2.6bn) asked for by Wakayama in its initial launch. It will cover 569,000 square meters with the casino making up 38,000 square meters. It will also develop a 2,700 room hotel with exhibition and conference facilities.

The prefecture said: “Wakayama prefecture is proceeding with the recruitment and selection procedure for a private operator to implement an integrated resort at Wakayama Marina City. On June 2 2021 we selected a priority candidate and based on the IR Development Act Article 8, discussions were conducted with Wakayama City and Wakayama Prefectural Public Safety Commission. The priority candidate was selected based on these negotiations between the city and the prefectural public safety committee and then announced.”

“We will create an area development plan in conjunction with the priority candidate. Along with requesting further refinements to the proposals and enhancing the project implementation plan, we will seek to build an All-Wakayama Plan in which businesses in the prefecture can participate widely in enhancing the operation plan to ensure that there is contribution through development of the local economy and local employment,” it added. “Moreover, we will create an excellent Area Development Plan for an IR that will greatly contribute to the region’s development and make a contribution to the country’s tourism strategy for the application to be made to the central government by the deadline of 28 April 2022.”

Clairvest Neem Ventures ha anche nominato AMSE Resorts Japan come membro principale dello sviluppo affermando che "avrà l'esperienza combinata dei due team più esperti al mondo, nello sviluppo e nella gestione di IR, nonché del più grande operatore di giochi e complessi alberghieri in Europa.'

Jeff Parr di Clairvest Neem Ventures, ha dichiarato: “Condividiamo con i nostri due partner una visione comune del programma IR nazionale in Giappone e siamo convinti che questa partnership aiuterà a rafforzare la ripresa economica dopo la pandemia di Covid-19, grazie ad un aumento della clientela internazionale nonché un afflusso significativo. nella prefettura di Wakayama e nella regione del Kansai.

AMSE è supportata da William Weidner, ex presidente e CEO di Las Vegas Sands Corp. (LVS), e dal suo team presso Global Gaming Asset Management LLC, da Bradley Stone, ex presidente delle operazioni internazionali e delle costruzioni presso LVS, e da Garry Saunders, ex COO di Melco Resorts & Entertainment e vicepresidente delle operazioni presso l di LVS, nonché Mario Ho, imprenditore di eSport.

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