The Integrated Resort plan of the Japanese government has been going through some delays. But there is a policy which the Japanese government announces. This will help in implementation of IR more and more.
Some sources or news are saying that this specific policy was going to be released in July. But this is not true. This policy is postponed for next year. So it will release next year in 2021.
The managing director of Bay City ventures said about the submission of IR. He said that the allotted submission period for Integrated Resort plan implementation for Central Government by the local Government and partners will be scheduled from January 2021 up to 30 July 2021.
This is a single deadline. Although the most important point of the Integrated Resort plan is to meet the deadline. Along with this, some more important things will be mentioned. Things in the details such as tax of the industry.
Also, the gaming rule is also an important point. By following all the terms and conditions, it is a quite difficult thing for operators to prepare and confirm their casino plans.
What had Managing Director said about Integrated Resort plan??
The managing director Joji Kokuryo said that the local government only have maybe two to three months in their hands to choose and add their partners for IR implementation.
They have to choose their partners after the proposals they received. The further process will happen after choosing their partners. The process is, that they will have only 7 months for executing their business plans with their IR partners.
It is a big task that it takes a whole year for implementation. He continues to say that there are four local government that are moving here and there for their schedules. And these government are Wakayama, Osaka, Nagasaki and Yokohama. There is sufficient time for the discussion and to have a great plan for their IR implementation.