Caused by pandemic and 500 Dot Com as July 26 deadline looms
Reports from Japan have placed doubts on the Japanese central government to issue the Casinos IR Basic Plan by July 26. Previously, the fact that the much-delayed IR Basic Plan would be issued by the end of this week was considered to be a certainty in the timeline of Japan’s IR development. However, it now appears that the Japan government has decided that they have no legal obligation to meet that date.
Although the delay is expected to be justified by a need to compile new policies within the IR Basic Plan relative to Covid-19 and similar emergencies in the future, Japan’s IR development has been shaken this year both by the coronavirus pandemic and the 500 Dot Com bribery scandal.
On the matter of the problems that the 500 Dot Com scandals crated to the government, it is clear now that new policies must limit contacts between IR businesses and the public officials meant to oversee them.
In the middle of all this, it remains unclear whether or not the central government will maintain its January to July 2021 application window for IR licensing. As far as prospective operators is concerned, the delay in the publication of the IR Basic Plan, as well as growing uncertainty about what will be in the policy, places more difficulties on IR operators to compile their own projections.