While the IR is a long way off from happening, although local authorities hope to see the first resort arrive by 2024/2025, Groupe Partouche is readying up. The Integrated resort has often been qualified as the best investment in the casino and hospitality industry to date, offering a casino, conference rooms, exhibition centers, leisurely facilities, hotels, restaurants, and much more.
Foreigners are exempted from tax and they will be able to take their gambling winnings with themselves back home. However, local residents will most likely be banned from gambling at the Integrated resort casinos. Meanwhile, Pixel and TTL Resorts Ltd have already been preparing for the bidding process, forming a consortium with which to bid for one of the three integrated resorts in the country.
Groupe Partouche’s expertise also extends into blockchain tech and it’s to be seen whether this will play a part in the operation.
If successful, the group will need to offer anything between $10 billion and $12 billion to see the project through.
The central government should soon decide on which prefecture would be allowed to host the first of three planned integrated resorts. Each prefecture has to secure partners that are capable of seeing the project through and factor the resort as well as the local economy.
The first bid must be awarded in 2021 so that construction work can begin and finish on time. Japan is slowly opening up to gambling as well and not least because blockchain technology has been expanding rapidly.