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Japan IR Timeline Update

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By Joji Kokuryo, Bay City Ventures, Managing Director

The land of the rising sun has definitely been taking its time when it comes to implementation of integrated resorts (IR). The long and arduous procedure has reached the very important stage in which local municipal governments select their IR operators through a public tender. The three of the four candidate locations, Osaka, Yokohama and Nagasaki are expected to select their respective IR operating partner between June and October. The fourth candidate site, Wakayama, decided to move forward with the Clairvest consortium in early June.