The mayor of Yokohama expressed skepticism as to whether residents should decide on the construction of the casino center, as the reason citing the efforts of the City Council in recent months.
An expensive and unnecessary referendum, says Hayashi
Mayor of Yokohama City, Fumiko Hayashi, is not convinced that a referendum on the development of an integrated resort (IR), the upcoming Japanese casino resort projects, hailed as the best investment in the gambling industry in the world, is a good idea.
Although Yokohama Citizens' Group to make a decision on the casino has collected over 200,000 signatures against the casino center, the mayor remains skeptical as to whether citizens should decide on this particular issue with economic and social ramifications.
The draft referendum regulation will be submitted to the city council of Thursday, January 7as the country prepares to start building its first casino center, pending government approval and finalization of the selection process that should give one prefecture the right to develop the first of the three upcoming projects.
Hayashi has agreed to a referendum on IR development in the past, but her latest opposition could throw a key to the work. She pointed out that holding a referendum on the basis of the ordinance would be costly and not legally binding.
It's important to keep making progress
According to her, organizing a referendum would mean undoing the progress achieved by City Counciltherefore it was important for her to pursue what she described as legal procedures.
The City Council willingly entered the bidding process, and despite the loss of interest from foreign investors and casino companies, Japan's Integrated Resorts are still considered the best investment of any upcoming similar project.
Japan plans to attract masses of foreigners willing to enjoy high-quality games and offer tax breaks to anyone who is not permanent residents, allowing them to take any winnings home with them.
Despite the slowdown in the development of a national framework defining all binding conditions for the development of an integrated resort, the government will continue to play a key communication role between local prefectures applying for the project and foreign investors.