{"id":28982,"date":"2022-04-14T10:04:25","date_gmt":"2022-04-14T13:04:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28982"},"modified":"2026-04-23T09:36:19","modified_gmt":"2026-04-23T12:36:19","slug":"us-real-estate-company-may-be-involved-in-nagasaki-ir-funding","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/us-real-estate-company-may-be-involved-in-nagasaki-ir-funding","title":{"rendered":"US real estate company may be involved in Nagasaki IR funding"},"content":{"rendered":"\n

It’s been reported that US commercial real estate services and investment firm CBRE Group Inc is involved in financing of Nagasaki’s IR project.<\/p>\n\n\n\n\n\n\n\n

Japan.- CBRE Group Inc, a US commercial real estate services and investment firm, is reported to be involved in funding Nagasaki’s JPY438.3bn (US$3.8bn) integrated resort project<\/a>. That’s according to documents submitted to Sasebo City Council and seen by local media outlets.<\/p>\n\n\n\n

The Sasebo City Council convened a steering committee <\/strong>to discuss the project on Tuesday. The IR regional development plan will also be discussed at a special session of the Nagasaki Prefectural Assembly before being submitted to national authorities.<\/p>\n\n\n\n

Full details of who will provide funding have yet to be announced, but the equity portion is expected to be JPY175.3bn, of which 60 per cent will come from Casinos Austria International Japan, 30 per cent from other foreign companies and 10 per cent from Japanese companies. <\/p>\n\n\n\n

Casinos Austria International Japan is expected to complete the financing in April. The Nagasaki Prefectural Government has previously said it expects\u00a0the IR to open in 2027\u00a0<\/strong>and to generate\u00a0annual gross gaming revenue<\/a>\u00a0(GGR) of JPY150bn (US$1.37bn), assuming it gains a licence.<\/p>\n\n\n\n

Japan\u2019s prime minister reaffirms position in favour of IRs<\/h2>\n\n\n\n

Prime minister\u00a0Fumio Kishida<\/a>\u00a0has reiterated his belief that opening up a casino industry in Japan could\u00a0boost inbound tourism\u00a0<\/strong>as the country finally looks to attract foreign tourists following the Covid-19 pandemic.<\/p>\n\n\n\n

Currently, only\u00a0three cities are expected to bid for licences:\u00a0<\/strong>Nagasaki, Osaka and Wakayama. That means all three could win their bids. <\/p>\n\n\n\n

A few weeks ago, local media reports reported the US-based\u00a0Bally\u2019s Corp<\/strong>\u00a0wanted to\u00a0develop an integrated resort in Fukuoka<\/a>. However, the mayor of the city has reportedly said he is not interested in hosting an IR.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s been reported that US commercial real estate services and investment firm CBRE Group Inc is involved in financing of Nagasaki’s IR project.<\/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":"CBRE Group Inc is reportedly involved in the financing of Nagasaki's JPY438.3bn integrated resort project, with Casinos Austria International Japan expected to provide 60% of the JPY175.3bn equity. The project, targeting a 2027 opening and JPY150bn annual GGR, is progressing through local council approvals before national submission, supported by Prime Minister Kishida's pro-IR stance.","focusai_entities":"CBRE Group Inc, Casinos Austria International Japan, Sasebo City Council, Nagasaki Prefectural Assembly, Nagasaki Prefectural Government, Fumio Kishida, Bally's Corp","focusai_location":"Japan, Nagasaki, Sasebo, Osaka, Wakayama, Fukuoka","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"CBRE Financing Details?","query":"What is the specific nature and structure of CBRE Group Inc's reported involvement in the Nagasaki IR project's JPY438.3bn financing?"},{"label":"Equity Partner Identification?","query":"Beyond Casinos Austria International Japan, which specific foreign and Japanese entities are expected to contribute to the remaining 40% of the JPY175.3bn equity portion?"}],"footnotes":""},"categories":[157,16338],"tags":[23632],"class_list":["post-28982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28982","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=28982"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28982\/revisions"}],"predecessor-version":[{"id":28996,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28982\/revisions\/28996"}],"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=28982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}