{"id":21603,"date":"2021-08-16T13:36:36","date_gmt":"2021-08-16T16:36:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=21603"},"modified":"2026-04-23T16:36:15","modified_gmt":"2026-04-23T19:36:15","slug":"oshidori-expects-to-record-us130m-in-profits-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/oshidori-expects-to-record-us130m-in-profits-for-h1","title":{"rendered":"Oshidori expects to record US$130m in profits for H1"},"content":{"rendered":"\n

Oshidori International Holdings expects to post profits of HK$1.04bn (US$130m) for the first half of the year. The company has recently withdrawn from Nagasaki’s IR bid.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.-\u00a0Oshidori International Holdings<\/strong>\u00a0expects to report\u00a0a profit of\u00a0<\/strong>HK$1.04bn (US$130m) for the first half of the year 2021, after a loss of HKD3.7m during the first half of 2020.<\/p>\n\n\n\n

The company attributed profits to\u00a0the acquisition of an associate (HKD1.14bn<\/strong>), profits of HK$49.2m from its financial services segment and a growth in profits from its credit and lending segment to HKD48m.<\/p>\n\n\n\n

Oshidori<\/a>\u00a0reported a profit of HK$2.82bn (US$363m) for fiscal year 2020<\/strong>, the highest since its listing. Last week,\u00a0the company pulled out of the IR bid process<\/a>\u00a0in Nagasaki, arguing that the prefecture\u2019s demands were \u201cunreasonable.\u201d<\/p>\n\n\n\n

The company said: \u201cThe restrictions imposed by Nagasaki Prefecture are unreasonable<\/strong>, and at present, it is not possible to conduct business rationally and effectively.\u201d<\/p>\n\n\n\n

It added that it was \u201conly interested in participating in a process that has the highest integrity<\/strong>, and that is professional, transparent, and based on merit.\u201d<\/p>\n\n\n\n

The Nagasaki Prefectural Government has selected\u00a0Casinos Austria International<\/a>\u00a0as its priority choice as a partner for its IR bid.<\/p>\n\n\n\n

Nagasaki\u2019s Integrated Resort Promotion Division\u00a0<\/strong>said: \u201cThe request-for-proposal procedure to select the priority negotiation right holder was conducted with fairness and integrity.\u201d<\/p>\n\n\n\n

Casinos Austria International plans for Nagasaki’s IR<\/h2>\n\n\n\n

Casinos Austra International<\/a> said its plans to build a casino resort with 220 gaming tables and 2,200 slot machines<\/strong>. It said the casino would have a total footprint of around 9,000 square metres (96,875 sq feet) <\/strong>and would \u201coffer a gaming experience of the highest international standards.\u201d<\/p>\n\n\n\n

The group also plans to build eight hotels,<\/strong>\u00a0conference and exhibition facilities with a variety of dining and retail options. The Nagasaki Prefectural Government will\u00a0make a submission to Japan\u2019s national government by 2022\u00a0<\/strong>in its bid for permission to develop an integrated resort.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oshidori International Holdings expects to post profits of HK$1.04bn (US$130m) for the first half of the year. The company has recently withdrawn from Nagasaki’s IR bid.<\/p>\n","protected":false},"author":176,"featured_media":19040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Oshidori International Holdings anticipates a HK$1.04bn profit for H1 2021, driven by an associate acquisition and growth in financial services, following its withdrawal from Nagasaki's Integrated Resort (IR) bid. The company cited \"unreasonable\" demands and a lack of integrity in the prefecture's process, which subsequently selected Casinos Austria International as its priority partner for the IR development.","focusai_entities":"Oshidori International Holdings, Nagasaki Prefectural Government, Casinos Austria International","focusai_location":"Hong Kong, Nagasaki, Japan","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Oshidori's IR Strategy Impact?","query":"How will Oshidori International Holdings' strategic pivot away from the Nagasaki IR bid impact its capital allocation and future growth initiatives within its financial services and credit segments?"},{"label":"Nagasaki IR GGR Potential?","query":"What are the projected economic impacts and Gross Gaming Revenue (GGR) potential of Casinos Austria International's proposed Nagasaki IR, and how does this compare to other potential IR developments in Japan?"}],"footnotes":""},"categories":[161,16338,163,167],"tags":[23632,20555],"class_list":["post-21603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","category-news-region","tag-integrated-resorts","tag-oshidori"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=21603"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21603\/revisions"}],"predecessor-version":[{"id":21643,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21603\/revisions\/21643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19040"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}