A Tokyo casino built in time for the 2020 Olympics may no longer be a realistic objective for the city.
The Tokyo 2020 Olympics have required the same step-by-step preparation and foresight as other Olympic Games, but it now looks such as the likelihood of a casino being built in time is not going to happen.
A Tokyo casino, once viewed as the crown jewel in plans to create a resort in Japan, now appears unlikely to open in time for the 2020 Olympics. The plan to have a resort up and running there in time to take advantage of the visitors arriving for the Summer Olympics in 2020 is starting to look like a long shot with the Tokyo city government pushing casino development on the backburner, as well as the high cost of building in the city.
Casino development still has support within the Japanese parliament, and supporters hope that the bill to enable for resorts is passed either later this year or in 2015. But that support is softer at the level that is local Tokyo, and therefore developers may be forced to target on Osaka or other areas instead.
Support from Governor Tepid at Best
While Tokyo governor Yoichi Masuzoe hasn’t reversed the trend of present governors who were in benefit of a casino for the populous city, his support has been a lot more tepid. He’s said that securing a casino isn’t major section of his agenda, and has focused more resources on get yourself ready for the 2020 Olympics at the expense Continue reading