Fourth candidate joins Nagasaki IR race

Japanese fintech company Pixel Companyz has joined the running for the bid to develop an integrated resort in Nagasaki.

Japan.- Nagasaki has a new candidate to become the private partner for its integrated resort bid: the fintech and renewable energy firm Pixel Companyz.

There are now four companies competing to work with Nagasaki on its bid: Oshidori International Holdings, Casinos Austria, a consortium comprising Get Nice Holdings and Current Corp, and now, Pixel Companyz, which is working in partnership with French casino operator Groupe Partouche

Pixel Companyz CEO Hiroaki Yoshida: “As of right now, the official public offering period hasn’t been announced. Until it is, we will continue discussions and preparations and hope it will lead to acquiring an IR operation license.”

Pixel has been carefully preparing its IR bid in recent months, having started the development of a resort hotel in Miyakojima city, Okinawa, in June in order to gain experience for a potential IR.

In August, the company teamed up with market analysis firm TTL Resorts and announced its collaboration with Groupe Partouche, operator of 42 casinos in Europe, and with global casino design giant Steelman Partners.

Yoshida said: “We plan to expand through various alliances with leading overseas companies in the industry, Japanese regional companies in related fields and domestic and overseas investment companies.”