Nagasaki: Casinos Austria unveils IR development plans
Casinos Austria International Japan Inc has said it hopes to create 30,000 jobs and to generate US$2.9bn for the economy.
Japan.- New details have emerged regarding Casinos Austria International Japan Inc plans for the development of an integrated resort in Nagasaki. The company says the resort would feature 220 gaming tables and 2,200 slot machines. It would create nearly 30,000 jobs and attract up to 8.4 million visitors a year.
The planned total investment for the IR development is JPY350bn (US$3.2bn). The group plans to build eight hotels, conference and exhibition facilities and a variety of dining and retail options.
The company said: “We will construct an IR appealing to all with Casinos Austria International’s full support and safety and security as the top priorities. We will come together with Nagasaki prefecture and Kyushu’s corporations to create an area development plan in order to gain approval for Kyushu/Nagasaki as an IR area.”
The Nagasaki Prefectural Government has previously said it expects the IR to open in 2027 and to generate annual gross gaming revenue (GGR) of JPY150bn (US$1.37bn).
Japan opens an application period for IR Submissions
Japan’s bicameral legislature has opened the application window for applications for a planned three integrated resort licences. Those cities and prefectures interested in developing an Integrated Resort will have until April 28 2022 to submit their final project proposals.
Authorities will allow up to three licences, and there are currently only three cities expected to bid for them: Nagasaki, Osaka and Wakayama. All three could be chosen; however, it is possible that the public authority picks only one or two, or even none.
