Japanese analysts have said that the completion of the IR project in Japan will not be affected by Coronavirus. The cities that are interested will go on with the application process, and everything will be finished within the deadlines. According to the official idea, interested parties have the between January 2020 to July 2021 to apply for an integrated resort host.
Brendan Bussmann, the director of government affairs at Global Market Advisors LLC, stated that candidates, for the IR project are not letting their timeline slip as they seek to find the right operators to develop an IR in their region. The disease will only stop candidates from taking part in public forums. The application process has been supported by the local government so as to meet the projected deadline.
The current government plans have been affected by the corona virus as the country has registered 1500 infected patients. People are comparing this virus with the Fukushima disaster in 2011 which took 18,000 lives. In the meantime, the 2020 Olympics in Tokyo are uncertain and both players and the public expect a delay. The long-anticipated Olympics will be postponed and the hospitality industry affected if the virus continues to spread out all over the world.
It is only a week ago when the Japanese community stated that Coronavirus will probably cause IR cancelation. The entire process has been experiencing several delays and only one city submitted a request for proposal. For now, the national government considers the postponement of the entire process. However, there are people who don’t believe in the 2026 opening of the resort.
A famous analyst Brendan Bussmann said that coronavirus will not affect the completion of the IR project in Japan. He also said that the largest immediate challenges are at the local level in cities like Yokohama as they desire public input into their process. There are still over 16 months before applications and they need to be in to the central government.
Another analyst, Daniel Cheng said the senior leadership had already insisted in the Diet debates that Covid-19 and IR are mutually exclusive. He said, the Coronavirus actually provided some relief from the persistent media lens on the IR bribery scandal. He clarified that if the virus crisis gets more serious in Japan it pose a threat to the IR plans.