Nagasaki expects annual GGR of US$1.37bn from its IR

The Nagasaki Prefectural Government has revealed it expects annual gross gaming revenue (GGR) of JPY150bn (US$1.37bn) from its proposed integrated resort.

Japan.- The Nagasaki Prefectural Government has revealed it expects its proposed integrated resort to generate annual gross gaming revenue (GGR) of JPY150bn (US$1.37bn). It’s also said that it expects that seven out of every 10 visitors will be from Japan.

Authorities have announced Casinos Austria International Japan Inc as its partner for its IR bid and has signed a master agreement with the casino operator.

The agreement names the project the Kyushu-Nagasaki IR, referring to the Kyushu region, of which Nagasaki form a part. The Nagasaki Prefectural Government has revealed the planned total investment for the development is JPY350bn (US$3.2bn). 

The Nagasaki Prefectural Government expects the IR could open in 2027 and could attract nearly 8.4m visitors per year. The prefecture will make a submission to Japan’s national government by 2022 in its bid for permission to develop an integrated resort. Nakamura expects to send the plan before April 28, 2022.

Casinos Austria said its plans to build a casino resort with 220 gaming tables and 2,200 slot machines. It said the casino would have a total footprint of around 9,000 square metres (96,875 sq feet) and would “offer a gaming experience of the highest international standards.”

The group plans to build eight hotels, conference and exhibition facilities with a variety of dining and retail options.

Casinos Austria currently operates 25 casinos in several countries and owns 12 casinos in Austria as well as a lottery business, Austrian Lotteries.