The Japanese city of Yokohama has a steep hill to climb if it hopes to stay in the integrated resort bidding competition. Hoping to convince the public that it’s still worth it, the town’s leaders recently held it’s first of six public briefings to explain why an IR is worth it.
“We hope that you will understand the various attractions of an IR, the job creation, positive impact on Yokohama’s economic development and the contribution to the city’s finances,” said Deputy Mayor Toshihide Hirahara.
“I believe that this will be one of the sparks needed for economic recovery after coronavirus,” he added.
Of the questions that the public asked included how much revenue the city can expect to gain from an IR. City officials responded that 15% of the casino’s revenue would go toward the city, as well as entry fees for Japanese citizens. On top of that, with the added jobs and business that an IR would bring, tax revenues would surely increase.