Japan is set to gross $8billion from annual gaming revenues and become one of the world's largest casino gaming markets. According to the Japan Tourism Agency, eight locations are competing for the coveted Integrated Resort (IR) certification.
Tourism Minister of Japan, Kazuyoshi Akaba said that eight areas are Hokkaido, the city of Chiba, Tokyo, Yokohama, Nagoya, a combined effort by Osaka Prefecture and the city of Osaka, Wakayama Prefecture and Nagasaki Prefecture. Japan has confirmed the dates for the application of IR certification and the Japanese government will accept applications from 4th to 30th January 2021.
With more and more IRs opening a compelling potential use case for the introduction of Dragon Blockchain Innovation has come to light. Dragon could support globe-trotting VIP gamers, who visit several IR's every year. If IRs adopted Dragon Coin, the world's number one entertainment coin and the feature-packed Dragon Social Wallet, gamers could enjoy fast, frictionless payments no matter which IR they are currently at.
This will be carried out in phases with Japan commissioning three IR’s and with just over a year to go, the race is heating up between gaming operators and developers seeking to host a casino in the country.
In preparation, the Japanese government nominated members to the Casino Management Committee, the regulatory body tasked with monitoring the licensing of Integrated resorts in Japan. Defense Director, Michio Kitamura, has the honour of being nominated as Chairman of the Committee which will be established formally on 7th January 2020 with the task of overseeing the selection, licensing and general supervision of Japan’s IR industry.
IRs will be fantastic economic stabilisers for the region and Japan as a whole. For more on IRs read up on the Dragon Guide to Integrated Resorts and if you have ever visited an IR feel free to get in touch and tell us about it on Facebook or Twitter today.