The plan is to build an IR at Wakayama Marina City, covering 569,000 sq. m. with the gaming floor taking up 38,000 sq. m. There will be 2,700 hotel rooms, an international exhibition hall and conference hall and a focus on nature with a theme of ‘a land of wood and a land of water.’
The proposal still needs to get a plenary vote at the Wakayama Prefectural Assembly.
Clairvest has confirmed it has received letters of interest from nine potential investors and four financial services firms.
Caesars joined the project’s consortium back in September. The combination aligns Clairevest, one of the most experienced IR development and management teams in the world, with Caesars Entertainment, one of the gaming industry’s best-known brands and an elite casino operator.
The Wakayama Prefectural Government hopes to open the integrated resort by 2026.
Japan’s Prime Minister Fumio Kishida recently repeated his belief that introducing casinos would boost tourism.
Source: G3 Newswire
