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Osaka IR Land Lease to Cost $18.4M Annually

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Osaka Mayor Ichiro Matsui has revealed at his regular press conference that three of the four companies requesting a real estate appraisal for the lot earmarked for the Osaka IR bid have agreed on the leasing price.

Prior to the mayor’s press conference, Osaka Port Office explained to the media on 15 December that there had been “absolutely no” guidance provided to the contractors performing the assessment. Due to the lack of any business results in the past, each of the companies calculated it as a “large commercial facility complex” and three of the four companies calculated the monthly rent amount at JPY428 ($3.15) per square meter. This is twice the value as that of the surrounding light industrial zone.

Osaka city plans to lease 49 hectares of land on Yumeshima to the planned operator for a 35-year lease for the annual rental fee of JPY 2.5 billion ($18.4 million).

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Mayor Matsui explained at the press conference: “This land was not for sale in the first place. The sale price was only calculated as a basis for setting the lease fees. The lease amount can’t be determined without knowing the value of the land. The IR operator requested that the IR plot be leased and not sold. They said they want the initial investment to be building, not land.”

In response to a question suggesting the lease price has been set much lower than that of the Universal Studio Japan (USJ) land prices in the Konoha Ward, the mayor responded, “When USJ was first pitched, the lease was cheap, and it has risen with USJ’s growth. Yumeshima’s land will not be sold but leased. I believe the price will increase with the market over the next 10 or 20 years.

“First, we will make the land appealing. It’s the same as what we did with USJ. The value of the land will increase as the location becomes a central gathering point. However, the initial foundation must be appraised by the appraisal office. This is still a location unaffected by market forces [as there is currently nothing there].”

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Fun88 Introduces T20 World Cup Special Offers

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Fun88, the leading online gaming and sports betting platform, announced an exclusive offer for cricket enthusiasts and sports betting fans. As the T20 World Cup heads into the semi-finals and finals, Fun88 is raising the stakes with an unbeatable promotion. Bet during these crucial matches and claim up to INR 1 Lakh Free Bonus. This offer is the best chance to boost the bankroll before the biggest cricket showdown of the year.

This exclusive offer aims to elevate the excitement of the T20 World Cup betting, allowing participants to enjoy the thrill of the semi-finals and finals while earning rewards.

Here’s how to grab this incredible bonus:

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Sign Up or Login at Fun88: New to Fun88? Register for a free account and join the cricket extravaganza. Existing players, get ready to show the inner champion.

Step 2: Place Bets: Throughout June, place bets on any cricket match to accumulate entries. The more bets placed, the higher the chances of winning a bigger bonus. If missed, don’t miss the upcoming T20 World Cup semi-finals and final matches.

Step 3: Claim the Reward: After July 1st, Fun88 will credit the free bonus directly to the main wallet, based on the Accumulated Bet Amount (1st – 30th June). Get ready to use it on the T20 World Cup matches.

This limited-time offer highlights Fun88’s commitment to enhancing the T20 World Cup experience for the passionate community. With a focus on providing a top-notch betting experience, this unique T20 Cricket World Cup promotion not only guarantees money but also adds an extra layer of excitement to the tournament.

The post Fun88 Introduces T20 World Cup Special Offers appeared first on European Gaming Industry News.

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OKTO Expands its Advanced OKTO.CASH Payment Service in India

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OKTO has announced the expansion of its revolutionary real-time cash-to-digital closed loop payment service, OKTO.CASH, into the Indian market. This strategic move marks a significant milestone in OKTO’s mission to transform payment experiences for both merchants and consumers globally.

With the introduction of OKTO.CASH in India, online merchants now have the capability to offer cash-to-digital payments at hundreds of thousands of locations across India, focusing also on small cities. The first e-merchant is already benefiting from this service, with many more expected to follow throughout the year.

OKTO.CASH is now accessible through an extensive network of over 100,000 retail points. The company plans to extend its reach to more than 500,000 retail points by the end of the year, ensuring wide availability for consumers to complete their closed-loop cash-to-digital OKTO.CASH transactions.

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OKTO has a locally based dedicated team to support this expansion, ensuring the best possible service and assistance.

“This expansion underscores our commitment to delivering superior payment experiences at every transaction and in every region that requires such services. We are dedicated to empowering online merchants with enhanced payment service offerings, aligning with our strategy of being a last-mile expert and helping online merchants acquire new consumers,” Björn Katerbau, Chief Distribution Officer at OKTO, said.

The post OKTO Expands its Advanced OKTO.CASH Payment Service in India appeared first on European Gaming Industry News.

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Gen.G Announces Partnership with LG U+

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Global esports organisation Gen.G Esports has announced a partnership with LG U+. The partnership comes on the heels of the two companies’ first collaboration to celebrate the 2023 LoL World Championship. The two companies will work closely together to strengthen fandom and innovate the customer experience. As part of the partnership, Gen.G Esports’ League of Legends pro team will feature the LG U+’s logo on their jerseys during the League of Legends Champions Korea (LCK) Summer season.

“We’re thrilled to be able to renew our partnership with LG U+ in such an innovative way. By leveraging all the data we’ve collected across our pro players and the thousands of students at the Gen.G Global Academy, we’re able to offer an even superior customer experience through our YOUR.GG data analytics platform to the millions of gamers that are customers of LG U+,” Arnold Hur, CEO of Gen.G Esports, said.

Through this partnership, the two companies will provide LG U+’s Uth members with a variety of members-only benefits, including a monthly subscription to Gen.G Crew and YOUR.GG player reports, to enrich their gaming experience.

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Fans will be able to interact directly with the League of Legends players who have led the teams to victory through the Gen.G Crew b.stage platform, as well as receive purchase tickets to fan zones at domestic fan meets and matches. Champion play analyses and player reports based on comparative data will also be provided through YOUR.GG, League of Legends data analytics service.

The post Gen.G Announces Partnership with LG U+ appeared first on European Gaming Industry News.

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