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Anti-gambling Groups Oppose Potential IR in Yokohama

George Miller
July 4, 2019
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Anti-gambling Groups Oppose Potential IR in YokohamaReading Time: 1 minute

 

Anti-gambling groups have gathered forces to push against a potential IR in Yokohama and warned the city Mayor Fumiko Hayashi.

Fumiko Hayashi received a letter by anti-casino groups criticising the potential casino. The Yokohama Harbor Transport Association and the Yokohama Harbor Resort Association have sent the document.

“Operating an IR casino over the objections of an unpersuaded public is totally unacceptable,” stated in the letter.

According to the groups, an international convention centre without a casino could attract 20 million visitors annually and forecasted an overall economic impact of about €16 billion. They also warned that the family-aimed companies like Disney wouldn’t want Yokohama to host an IR close to them.

An estimated €2.8 billion to €7.1 billion revenue could come from a Yokohama casino. The estimate for annual EBITDA may range from €652 million to €1.7 billion.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Anti-gambling Groups Oppose Potential IR in Yokohama

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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