Despite governor’s opposition
Gaming firm willing to invest USD 2.5B in Okinawa IR
During a press conference held in Naha, Zhengming Pan, CEO of 500.com, a China-based online sports lottery service provider, revealed his intention to invest up to USD 2.5B in a prospective Okinawa IR.
2017-08-07
Reading time 35 seg
During a press conference held in Naha, Zhengming Pan, CEO of 500.com, a China-based online sports lottery service provider, revealed his intention to invest up to USD 2.5B in a prospective Okinawa IR.
“We need a debate about the reasons for the opposition. We can bring cutting edge technology to the Japan IR business and tackle the issue of gambling addiction through the use of big data and artificial intelligence,” Pan said when asked about Okinawa Governor Takeshi Onaga’s opposition to the construction of an IR in the Asian island.
It appears no one will be able to change Onaga’s anti-casino mindset. The only plausible reason why such an event would take place in Okinawa is because the Japanese ruling party and big business interests are banking that they can defeat the re-election of Onaga and install a pro-IR government by the end of 2018.
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