Members Joining the Authority
Takafumi Sato, previously serving as a Takamatsu High Public Prosecutors Office's superintendent prosecutor, will take over as the commission's new chair. He will replace Michio Kitamura, a former Fukuoka High Public Prosecutors Office superintendent prosecutor. Kitamura played a significant role in setting the foundation for IRs in Japan.
The Commission also onboarded Junichi Kakimizu, a former National Tax College head under the National Tax Agency. Meanwhile, psychiatrist Michiko Watari, who joined the authority in 2020, will serve another five-year term following her reappointment.
Members Stepping Down
Only two members will step down when the new team takes over on January 7th, 2025. Along with outgoing chair Kitamura, Hiroyuki Ujikane, a former Nagoya Regional Taxation Bureau head, will step down. Both members have served the commission since it was founded in 2020.
The commission will retain two members who have yet to complete their terms: Keiko Ishikawa, a Nihon University economics professor, and Hirofumi Kitamura, a former Nagoya Regional Taxation Bureau head. Their mastery of law enforcement and economics is valuable to the regulatory body's ability to manage the establishment of IRs.
MGM Osaka and Broader IR Initiatives
Japan is well on its way to opening the doors of its first integrated casino resort, MGM Osaka, in late 2030. The historic project underscores the country's commitment to becoming a premier world destination for tourism, business, and entertainment. The stringent regulatory framework set by the commission ensures it is well-prepared for the complexities accompanying a project as massive as the Osaka IR.
Japan is also learning from thriving international practices. Three members of the regulatory commission toured Crown Sydney's members-only facility in the company of Australia's New South Wales Independent Casino Commission (NICC) officials. NICC chief commissioner Philip Crawford stated that Japan has the advantage of learning the regulatory frameworks of well-established international systems. It can apply strong oversight and community engagement in future IR approvals.