Japan says casino strategy unaffected by Sands’ withdrawal

Japan’s government doesn’t plan to revise its casino strategy following Las Vegas Sands’ abrupt withdrawal from the race to win one of the three available integrated resorts (IR) licenses.

On Wednesday, Japan’s chief cabinet secretary said there are “no plans to change the basic schedule at this time” for determining the three recipients of the first round of casino licenses by 2021, despite Sands’ Tuesday declaration that Japan’s “framework around the development of an IR has made our goals there unreachable.”

Last August, Sands shifted its IR focus from Osaka to either Yokohama or Tokyo. On Wednesday, Yokohama mayor Fumiko Hayashi said Sands’ withdrawal from the IR process was “not surprising” given the “global economic situation” caused by the COVID-19 pandemic.

While Japan’s central government may not anticipate any change in the IR schedule from Sands’ skedaddle, Hayashi said Tuesday that the release of the IR implementation policy previously scheduled for June was being pushed back two months due to the pandemic.