{"id":29061,"date":"2022-04-19T07:56:27","date_gmt":"2022-04-19T10:56:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29061"},"modified":"2026-04-23T09:31:03","modified_gmt":"2026-04-23T12:31:03","slug":"nagasaki-prefectural-assembly-to-vote-on-final-draft-of-ir-plan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagasaki-prefectural-assembly-to-vote-on-final-draft-of-ir-plan","title":{"rendered":"Nagasaki prefectural assembly to vote on final draft of IR plan"},"content":{"rendered":"\n

The Nagasaki Prefectural Assembly will vote on the final draft of the IR District Development Plan tomorrow (April 20).<\/p>\n\n\n\n\n\n\n\n

Japan.- The Nagasaki Prefectural Government has announced it will vote on the final draft of the\u00a0IR District Development Plan<\/strong> tomorrow (April 20). <\/p>\n\n\n\n

Last Tuesday, the Sasebo City Council convened a\u00a0steering committee\u00a0<\/strong>to discuss the project and finally approved the plan. The proposed development is expected to cost\u00a0JPY438.3bn (US$3.8bn)<\/a>, including JPY175.3bn in equity costs. <\/p>\n\n\n\n

Last week, CBRE Group Inc<\/a>, a US commercial real estate services and investment firm, was reported to be involved in funding the IR project, but the Plan only mentions Nagasaki’s private sector partner\u00a0Casinos Austria International Japan<\/a> as an equity investor. Of the total cost, JPY263bn will come from debt. No mandated lead arrangements have been identified in the published documents.<\/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 the IR to open in 2027 <\/strong>and to generate annual gross gaming revenue<\/a> (GGR) of JPY150bn (US$1.37bn), assuming it gains a licence.<\/p>\n\n\n\n

The cities interested in developing an integrated resort must submit an application to the national government before April 28.<\/p>\n\n\n\n

Bally\u2019s Corp seeks to enter Japan IR contest with casino resort in Fukuoka<\/h2>\n\n\n\n

It’s been suggested that a new city could enter the contest to develop an integrated resort in Japan. US-based\u00a0Bally\u2019s Corp<\/strong>\u00a0has revealed it wants to develop an integrated resort in\u00a0Fukuoka<\/strong>, on the northern shore of Japan\u2019s Kyushu Island. That would mean a fourth location joining Nagasaki, Osaka and Wakayama in a contest\u00a0for up to three IR licences.<\/a><\/p>\n\n\n\n

Bally said it has plans for a JPY480m (US$3.9bn) IR <\/strong>that would include 2,000 hotel rooms and a 15,000-square-meter (161,459-square-foot) casino. It said the complex could serve about 4.6 million customers a year, most of them domestic, with an estimated annual gross profit of JPY71bn.<\/p>\n\n\n\n

However, the mayor of Fukuoka has reportedly said he is not interested in hosting IRs<\/strong> in the metropolis.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nagasaki Prefectural Assembly will vote on the final draft of the IR District Development Plan tomorrow (April 20).<\/p>\n","protected":false},"author":176,"featured_media":25342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Nagasaki Prefectural Assembly is poised to vote on its IR District Development Plan, detailing JPY438.3bn in costs, JPY150bn in projected annual GGR, and Casinos Austria International Japan as the equity investor. Concurrently, Bally's Corp has expressed interest in developing a JPY480m IR in Fukuoka, potentially intensifying competition for Japan's limited IR licenses, despite the Fukuoka mayor's stated disinterest.","focusai_entities":"Nagasaki Prefectural Government, Sasebo City Council, CBRE Group Inc, Casinos Austria International Japan, Bally's Corp","focusai_location":"Japan, Nagasaki, Sasebo, Fukuoka, Kyushu Island","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Nagasaki IR Financing","query":"What are the specific terms and mandated lead arrangements for the JPY263bn debt financing component of the Nagasaki IR, given Casinos Austria International Japan is the sole equity investor mentioned?"},{"label":"Japan IR License Competition","query":"How might Bally's Corp's proposed entry into the Fukuoka IR contest, despite the mayor's stated disinterest, alter the competitive dynamics and national government's allocation strategy for the limited three IR licenses?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632],"class_list":["post-29061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29061","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=29061"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29061\/revisions"}],"predecessor-version":[{"id":29092,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29061\/revisions\/29092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25342"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}