Tag Archives: japan

UNLV Research Assisting Japan Release Its First Integrated Resorts

Japan’s tourism economy will go through an enormous shift– possibly introducing $10 billion in incorporated resorts– with a little assistance from researchers at UNLV’s International Gaming Institute (IGI).

Japanese federal government officials and magnate commissioned research from IGI’s Bo Bernhard, Brett Abarbanel, and Jennifer Roberts along with Kahlil Philander of Washington State University to direct their country in launching Japan’s first integrated resorts. Now offered to the public, the 2 comprehensive reports the group produced offer a few of the most thorough info that any jurisdiction has actually been able to make use of prior to incorporated resort implementation.

The first report is a socioeconomic analysis of the impacts of an incorporated resort casino, with a specific focus on Japan’s specified objectives for the undertaking, including striking a balance in between growing the Japanese tourist market while lessening social expenses such as dependency and criminal activity.

The 2nd report examines how video gaming policy can assist Japan get rid of arranged criminal offense in casino management– an essential first step in a brand-new casino jurisdiction– recommending strenuous requirements in pre-licensing background investigations, post-licensing enforcement structures, internal controls and compliance practices that reflect the greatest international standards, and more.

” Japan is in a fortunate position,” stated Bernhard, IGI’s executive director. “The government is asking all the best concerns, and the science behind the socioeconomic effects of integrated resorts has actually improved considerably in the previous 15 years, supplying useful and powerful standards for numerous choices.”

About the UNLV International Gaming Institute

Using research-based services and executive education programs to more than 50 jurisdictions across the globe, the International Video Gaming Institute (IGI) offers cutting-edge research study, understanding, and development to leaders in the worldwide video gaming industry. To assist keep its status as the “worldwide intellectual capital” of video gaming, IGI houses centers of excellence and labs. The Center for Gaming Innovation, the International Center for Video Gaming Policy, the Hospitality Lab, and the Esports Lab were each established to deal with a strategic issue that only a scholastic organization’s distinct spaces and structures can resolve.

Japan-Based Softbank Invests $4.4 Billion in Shared-Office Service provider WeWork

WeWork Cos. has actually confirmed that Japanese telecommunications conglomerate Softbank Group Corp. will invest $3 billion straight into the office-sharing startup and $1.4 billion into 3 newly developed subsidiaries to broaden the company into China, Japan, Korea and Southeast Asia.

The total $4.4 billion financial investment is almost one-third bigger than last March, when the Wall Street Journal reported that WeWork had $300 million with strategies to raise an overall of $3 billion from Softbank and its massive tech fund Softbank Vision Fund.

The announcement by New york city City based WeWork includes the $3 billion direct investment by Softbank Group and SoftBank Vision Fund in brand-new shares and a secondary purchase of existing shares. The $1.4 billion in financial investments will be designated to WeWork China, WeWork Japan and WeWork Pacific, which are controlled and handled by WeWork management groups in those regions.

WeWork, which now has an approximated market evaluation of more than $21 billion, is “leveraging the most recent innovations and its own proprietary information systems to drastically change the way individuals work,” Masayoshi Child, chairman and CEO of SoftBank Group Corp., said in a statement.Click to Expand.

Story Continues Listed below

WeWork broadened to over 110 locations around the world throughout 2016, doubling its worldwide presence with the addition of 18 brand-new cities and 58 new workplace places throughout six continents and doubling its membership to over 80,000. In the United States, WeWork last year included offices in Philadelphia, Atlanta, Denver, Arlington, TX; and Irvine, Long Beach, Pasadena, San Jose and San Diego, CA.

WeWork has actually taken more than 4.2 million square feet in direct workplace leases over the last 2 years, with Bank of America Corp. putting a distant second at just over 3 million square feet, inning accordance with a study of CoStar data for office leasing deals of over 5,000 square feet. Among personal companies, Wells Fargo & & Co. and Regus, the nation’s second-fastest growing shared office provider, can be found in third and 4th place with each signing just under 2 million square feet of direct leases.

The $4.4 billion infusion will accelerate the development of WeWork’s worldwide community, which now stands at roughly 150,000 members, and further broaden WeWork’s physical footprint around the world. SoftBank Group Corp. Director and Vice Chairman Ronald D. Fisher, and Mark Schwartz, SoftBank Group Corp. external director and former vice chairman of Goldman Sachs Group, and former chairman of Goldman Sachs Asia operations, will join WeWork’s board of directors as part of the transaction.

7 Navy team missing, skipper hurt after accident off Japan

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Iori Sagisawa/ Kyodo News via

AP The damage of the best side of the USS Fitzgerald is seen off Shimoda, Shizuoka prefecture, Japan, after the Navy destroyer hit a merchant ship, Saturday, June 17, 2017. The U.S. Navy says the USS Fitzgerald suffered damage listed below the water line on its starboard side after it hit a Philippine-flagged merchant ship.

Friday, June 16, 2017|9 p.m.

TOKYO– 7 Navy sailors were missing out on and a minimum of 2, including the captain, were injured after a U.S. destroyer collided with a merchant ship off the coast of Japan before dawn Saturday, the United States Navy and Japanese coast guard reported.

Video from the Japanese TELEVISION network NHK showed heavy damage to the mid-right side of the USS Fitzgerald and an individual in a stretcher being lifted to a helicopter.

The very first, Cmdr. Bryce Benson, was required to the United States Naval Healthcare facility in Yokosuka and was in stable condition, the U.S. 7th Fleet said in a declaration. It stated another injured person was being evacuated however provided no additional details on the crew’s injuries. Others hurt in the crash were being evaluated, it stated.

The Fitzgerald had actually limited propulsion after suffering damage on the starboard side below the water line and a U.S. defense authorities said there was flooding in three compartments. It wasn’t clear yet what caused the nighttime collision between the destroyer and the container ship four times its size. The majority of the more than 200 sailors would have been asleep in their berthings, some of which were apparently flooded.

The Navy, Japanese maritime defense vessels and the coast guard were working to stabilize the destroyer as it went to coast, said Navy chief Adm. John Richardson.

The Navy said that the accident happened 56 nautical miles (103 kilometers) southwest of Yokosuka, which is the home of the 7th Fleet. Video showed the damaged ship moving slowly in calm seas, flanked by a tugboat.

“Right now we are concentrated on 2 things: the safety of the ship and the wellness of the sailors,” said Adm. Scott Swift, leader of the U.S. Pacific Fleet.

The Japan coast guard stated it received an emergency call from a Philippine-registered container ship ACX Crystal around 2:20 a.m. (1720 GMT Friday) that it had hit the Fitzgerald southwest of Yokusuka, Japan.

Relatives of team members were waiting for news of their enjoyed ones.

“Naturally we’re nervous and terrified and just praying,” Rita Schrimsher stated by telephone from Athens, Alabama.

Her grandson Jackson Schrimsher is a 23-year-old sailor aboard the Fitzgerald. She stated she last communicated with him via Facebook messenger on Wednesday.

Takeshi Aikawa of the Japan coast guard stated that so far no damage or injuries were reported on the container ship, he said. NHK reported that the merchant ship had scratches on the left side of its bow.

The Philippine ship is 29,060 heaps and is 222 meters (730 feet) long, the coast guard stated.

The fleet said the USS Dewey, medical support, Navy tugs and marine airplane were dispatched. The Japan coast guard dispatched five patrol ships and an airplane bring medics to the site for search and rescue operations.

The Navy’s Pacific Fleet stated the extent of damage to the Fitzgerald was being determined and the incident was under examination.

Japan'' s Universal accuses founder Okada of inappropriate loan

Friday, June 9, 2017|12:44 p.m.

Universal Home entertainment Corp., a Japanese maker of fruit machine, said on Thursday it was investigating what it believes was an inappropriate transfer of funds by Kazuo Okada, its creator and chairman, to a business he manages.

To see the full story, click here.

Asia stocks uninspired as Japan falls, Fed speech awaited

Wednesday, Sept. 23, 2015|11:58 p.m.

TOKYO (AP)– Asian stocks were uninspired Thursday as Japan’s index fell following a three-day holiday and financiers awaited a speech from the united state Federal Reserve chief.

KEEPING RATING: Japan’s Nikkei 225 dropped 2.3 percent to 17,647.45 and Hong Kong’s Hang Seng lost 0.6 percent to 21,181.74. South Korea’s Kospi increased 0.4 percent to 1,952.42 and the Shanghai Composite Index got 0.6 percent to 3,135.09. Australia’s S&P/ ASX 200 increased 0.9 percent to 5,041.70. Standards in Taiwan, Thailand the Philippines were lower.

JAPAN DATA: Preliminary outcomes of a survey of manufacturers revealed a sharp drop in new export orders that respondents associated partially to weak need in China. The reading of 50.9 for September was down from 51.7 in August, indicating a slower pace of development. Japanese media reported Prime Minister Shinzo Abe planned to announce fresh economic strategies later on in the day.

AUTO SHARES: South Korea’s Hyundai recuperated after taking the brunt of unfavorable belief in Asia originating from Volkswagen’s emissions-rigging scandal. It was the turn of Japanese automakers to fall with Japan’s stock exchange open after a three-day vacation. Toyota and Nissan both dropped 1.4 percent, performing much better than the broader market. Honda shed 3.2 percent and Mazda plunged 6.9 percent.

FED WATCH: Many investors are awaiting a speech on inflation and monetary policy Thursday by U.S. Federal Reserve chair Janet Yellen. Markets are looking for ideas on the timing of the Fed’s very first interest-rate hike in nearly a decade after it held back raising the Fed Funds earlier this month. The Fed has rate-setting conferences in October and December.

THE QUOTE: Will Yellen “provide new info that could see the markets indicated likelihood (of a rate trek this year) boost from the present level of 42 percent?” stated IG chief strategist Chris Weston. “With this level of rates, the Fed will certainly not raise this year,” he stated in a market commentary.

WALL STREET: The Requirement & & Poor’s 500 edged 0.2 percent lower to 1,938.76 on Wednesday and the Dow Jones industrial average lost 0.3 percent to 16,279.89. The Nasdaq composite slipped 0.1 percent to 4,752.74.

ENERGY: Benchmark U.S. crude was up 37 cents at $44.85 a barrel in electronic trading on the New York Mercantile Exchange. The agreement fell $1.88 to close at $44.48 a barrel in New York on Wednesday after a weak Chinese manufacturing report. Brent, a benchmark for global oils, was up 26 cents to $48.74 a barrel in London.

CURRENCIES: The dollar slipped to 119.93 yen from 120.25 yen in the previous trading session. The euro ticked greater to $1.1189 from $1.1182.

Kabuki reveal brings splash of Japan to Bellagio– PICTURES

After weeks of preparation, the Bellagio lake came alive with a Kabuki program unlike anything seen before in Las Vegas.

MGM Resorts International is producing the program in partnership with Shochiku at the Fountains of Bellagio.

Top Kabuki star Ichikawa Somegoro carries out during the occasion, which is inspired by Kabuki, the most famous standard efficiency art in Japan.

Elegant costumes combined with water motions, music and images projected on the water screen bring a completely new experience as the program goes through Aug. 16.

Following Friday’s launching, the show will run 2 times Saturday (9:15 p.m. and 11:30 p.m.) and once more on Sunday prior to closing.

Kabuki show debuts at Bellagio as MGM eyes Japan

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John Locher/ AP

Performers stand onstage during the Kabuki Spectacle in front of the Bellagio, Friday, Aug. 14, 2015. Singers and dancers performed the ancient Japanese storytelling art as the Bellagio fountains operated as a huge watery movie screen behind them, showing animated scenes.

Friday, Aug. 14, 2015|11:15 p.m.

Las Vegas can be lots of things to many individuals, but MGM Resorts International wants leaders and visitors from Japan to know its resorts are more than gambling hubs.

The company, which has long looked for to build a resort-casino in Japan, is hosting a fancy “Kabuki Phenomenon” this weekend (it go underway Friday night) on the Las Vegas Strip. Vocalists and dancers will certainly perform the ancient Japanese storytelling art as the Bellagio fountains work as a massive watery film screen behind them, showing animated scenes.

MGM’s desire to construct a resort-casino in Japan– a market that might measure up to Macau as a financially rewarding Asian gambling destination– has been no secret. However Japanese lawmakers initially would have to legalize gambling establishments, a prospect that appears no closer to taking place after several years of debate.

Supporters argue the Las Vegas-style resorts that provide other home entertainment in addition to gambling would increase tourist in Japan. Opponents in a more socially conservative political party have stated it would cause higher rates of betting dependency and criminal activity.

MGM Resorts isn’t alone in its pursuit. Wynn Resorts Ltd., Las Vegas Sands Corp. and Caesars Home entertainment Corp. at one time have all expressed interest in investing billions in casino-resort tasks there. None have actually been quite as vocal about their Japan prepares as MGM, however, said Fitch Scores analyst Alex Bumazhny.

Building gambling establishments in Japan would be more expensive than somewhere else, with greater costs for labor and building products, Bumazhny stated. But the expected profits could be bigger than other Asian markets, such as Singapore.

“It’s a huge developed economy without any casino betting at this point” and citizens who are inclined to bet, he said. Some currently finish with a game called Pachinko that appears like a slots.

In the prolonged time gambling in Japan has been disputed, MGM executives have actually made regular check outs gaining a gratitude for Japan’s arts and culture.

Alan Feldman, executive vice president of international government and market affairs for MGM Resorts, said discussions the business has in Japan tend to concentrate on the betting and betting that gave rise to the location.

“Every conversation we have about Las Vegas instantly goes to gaming,” he said.

But the business desires Japanese visitors to understand the town is built on more than that, Feldman stated.

For MGM Resorts, gambling made up 38 percent of its earnings at its U.S. hotel-casinos in 2014. Everything else it earned, not counting giveaways given to devoted customers, originated from hotel rooms, dining, entertaining and shopping at its U.S. buildings.

Previously this year, the business highlighted Japanese culture at the Bellagio with its first-ever Japanese-inspired garden scene at its indoor conservatory. It also partnered with artist Masatoshi Izumi on the irreversible setup of 4 huge sculptures representing earth, wind, fire and water.

The Kabuki program, “Fight with a Carp,” was spawned about two years earlier when well-known Kabuki production company Shochiku dropped in Las Vegas on its way back to Japan from a U.S. performance, and MGM Resorts executives took its members to the Cirque du Soleil reveal “KA.” The business considered methods to present Kabuki in a brand-new method.

Technology firm Panasonic and modern innovative company teamLab, both based in Japan, are sponsors and individuals. 5 performances are arranged for Friday, Saturday and Sunday.

Financiers bilked in Japan aim to Las Vegas mayor for restitution

L.a attorneys Robert Cohen and James Gibbons state they understand exactly what Mayor Carolyn Goodman ought to finish with the $50,000 in campaign contributions she obtained from the alleged mastermind of a $1.5 billion worldwide Ponzi scheme:

She needs to provide it to their clients– countless Japanese investors who lost their life-savings in a scheme presumably run by Edwin Fujinaga through his Las Vegas-based business, MRI International Inc.

“Eventually, there’s no concern that all the cash Fujinaga has actually comes from the victims,” Cohen said. “He stole from the victims and offered it to the mayor.”

Cohen recommended the concept in a July 16 letter to Goodman, however he said that up until now all he’s received from the mayor’s personnel is a cold shoulder.

Goodman, whose project finance reports show a $14,100 deficit, declined remark Thursday.

Fujinaga, 68, and 2 of his executives in Japan were prosecuted by a federal grand jury in Las Vegas previously this month on scams charges. Fujinaga pleaded blameless and was released on his own recognizance, with travel limitations. The other two defendants, Junzo Suzuki, 66, and his son, Paul Suzuki, 36, are not in custody.

Fujinaga was the largest individual contributor to Goodman’s first campaign in 2011, according to project reports on file with the Nevada secretary of state’s workplace.

In a statement to the Las Vegas Review-Journal after Fujinaga’s indictment, Goodman stated she plans to “let the justice system run its course,” before deciding on the $50,000.

Cohen recommended in his letter that the justice system has already run its course for the victims. On January 27, a federal judge in Las Vegas slapped Fujinaga and defunct MRI International with a $585 million U.S. Securities and Exchange Commission civil judgement, he said.

“The enormous scams …, which had actually been underway at least because 2005 and continued unabated up until its discovery in April 2013, is not just a matter of allegations; it is an adjudicated fact,” Cohen composed.

“For the countless victims and their families, the damages have actually been devastating,” Cohen added. “As the statements in the court files testify, for numerous of the victims the investments represented their sole savings, and thousands have actually lost their entire life cost savings.”

MRI, which was included in Nevada in 1998, supposedly concentrated on a practice called “factoring,” where balance due were purchased from medical carriers at a savings and an effort was made to recuperate more than the reduced amount from the debtor, the indictment states.

In fact, authorities say, money from new investors was made use of to settle older ones to make it resemble the business was a noise– a classic Ponzi plan.

Fujinaga and the Suzukis stand accused of fraudulently getting financial investments from the Japanese locals from 2009 to 2013. They utilized investor money to unlawfully pay themselves sales commissions, subsidize gambling habits and money their individual travel by private jet, the indictment alleges.

Fujinaga likewise utilized money in the scheme to cover his personal credit cards, purchase luxury vehicles and pay a total of $25,000 in alimony and youngster support, according to the 2013 SEC civil problem.

Cohen said that previously this week he called the mayor’s office, where an aide gave no clear indication if Goodman would be responsive his idea to return the $50,000 to his customers. The assistant informed Cohen that he might get a call from the mayor’s project personnel.

As of late Thursday afternoon, Cohen said he had not received a call.

A city spokesperson for Goodman, who is “away from the workplace,” had nothing to add to her previous statement, which he said “is still precise.”

How any money from the mayor might be sent out to Japan continues to be unclear. Gibbons said a special trust fund might be set up, or the cash might go to a court-appointed receiver for Fujinaga’s continuing to be assets.

Contact Jeff German at jgerman@reviewjournal.com!.?.! or 702-380-8135. Find him on Twitter @JGermanRJ.

United States beats Japan 5-2 to win Women’s World Cup title– IMAGES

VANCOUVER– The United States won the Women’s World Cup for the third time, crushing Japan 5-2 on Sunday with striker Carli Lloyd scoring the competition’s fastest ever hat-trick, including an incredible goal from the half-way line.

The American captain struck three times inside 16 minutes as the united state stormed into an unexpected and unsurmountable 4-0 lead over their shell-shocked opponents.

Japan, winners 4 years ago, were utterly stunned as the UNITED STATE’s deadly finishing guaranteed they contributed to their 1991 and 1999 titles, and became the very first nation to win the Cup 3 times.

The video game, played in front of 53,341 spectators at a stuffed BC Place, was the highest-scoring Women’s World Cup last ever and, for non-Japanese at least, was an amusing ending to exactly what has been an outstanding tournament.

No group had actually ever scored more than 2 goals in a Women’s World Cup last however the great Lloyd went one better all by herself– and within just 16 minutes.

The opener can be found in the 3rd minute when Megan Rapinoe drove a low diagonal ball across the area and Lloyd timed her go to perfection, encountering the ball with a powerful, novice drive past Japan keeper Ayumi Kaihori.

Japan were stunned even more just two minutes later when Lloyd doubled the lead– again from a set-piece.

Another low ball into the box did the damage, this time from a Lauren Vacation free-kick which the Japan defense failed to clear and the ball was up to Lloyd, who happily slotted house.

Japan had barely time to regroup before they found themselves 3-0 down in the 14th minute with a dreadful attempted headed clearance from Azusa Iwashimizu being up to Lauren Vacation, who blasted in a volley from inside the penalty location.

Japan had actually acknowledged as numerous goals in the opening 14 minutes as they had in the entire previous 6 video games of the competition.

Nevertheless, one of the most exceptional goals ever seen in a Women’s World Cup arrived simply 2 minutes later when Lloyd, gathering the ball in her own half, saw Kaihori away her line and shot from 50 yards out, with the clambering Japanese keeper just able to palm the ball onto the post and into the net.

Japan restored a bit of pride in the 27th minute when Yuki Ogimi turned Julie Johnston in the aspect and fired previous Hope Solo to make it 4-1.

The Japanese have been widely commended for their short-passing game but it was an antique path that brought them, temporarily, back into the video game early in the second half.

Aya Miyami’s long free-kick into the box was focuseded on Sawa and Johnston rose for the ball but could only deflect a header past a helpless Solo.

The glimmer of hope flickered for simply two minutes, nevertheless, when a U.S. corner was up to Morgan Brian beyond the far post and she did well to discover Tobin Heath, who confidently fired the home of make it 5-2 and effectively end Japan’s hope of a comeback.