{"id":29102,"date":"2022-04-20T06:48:54","date_gmt":"2022-04-20T09:48:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29102"},"modified":"2026-04-23T09:28:58","modified_gmt":"2026-04-23T12:28:58","slug":"nagasaki-prefectural-assembly-approves-final-ir-plan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagasaki-prefectural-assembly-approves-final-ir-plan","title":{"rendered":"Nagasaki prefectural assembly approves final IR plan"},"content":{"rendered":"\n<p>The final draft of Nagasaki&#8217;s IR District Development Plan has been approved by the prefectural assembly.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- The Nagasaki Prefectural Government has voted in favour of the final draft of the IR district development plan. The integrated resort proposal must now be submitted to national government before the April 28 deadline.<\/p>\n\n\n\n<p>The proposed casino resort would be located within the Huis ten Bosch theme park in Sasebo City. The planned cost for the development of the IR is\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/nagasakis-ir-costs-rise-by-25\" target=\"_blank\">JPY438.3bn (US$3.8bn)<\/a>, including JPY175.3bn in equity costs.\u00a0Sasebo City Council had already voted to support Nagasaki&#8217;s IR district development plan on Friday.<\/p>\n\n\n\n<p>The IR program update only mentions&nbsp;<strong>Nagasaki&#8217;s private sector partner Casinos Austria International Japan Inc<\/strong>&nbsp;as an equity investor although last week,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/us-real-estate-company-may-be-involved-in-nagasaki-ir-funding\" rel=\"noreferrer noopener\">CBRE Group Inc<\/a>, a US commercial real estate services and investment firm, was reported to be involved in funding the IR project.<\/p>\n\n\n\n<p>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<p>Wakayama Prefectural Assembly has rejected its IR plan, leaving Nagasaki and Osaka as the only likely applicants to host a casino report in Japan in this first phase of liberalisation. The central government had said it would issue up to three licences.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The final draft of Nagasaki&#8217;s IR District Development Plan has been approved by the prefectural assembly.<\/p>\n","protected":false},"author":176,"featured_media":16992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Nagasaki's Integrated Resort (IR) District Development Plan has received prefectural assembly approval, advancing its JPY438.3bn proposal, including JPY175.3bn in equity, to the national government for a B2C casino license. With Wakayama's rejection, Nagasaki and Osaka remain the primary contenders for Japan's initial phase of IR liberalisation, where up to three licenses are anticipated. The project, involving Casinos Austria International Japan Inc and reportedly CBRE Group Inc, now faces central government review ahead of the April 28 deadline.","focusai_entities":"Nagasaki Prefectural Government, Sasebo City Council, Casinos Austria International Japan Inc, CBRE Group Inc, Wakayama Prefectural Assembly","focusai_location":"Japan, Nagasaki, Sasebo City, Wakayama, Osaka","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.92), operator_casino (0.95), payments_fraud_aml (0.75), investor_analyst (0.98), supplier_vendor (0.9), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Funding Structure Scrutiny","query":"Given the JPY263bn debt component and absence of mandated lead arrangements, what specific financial governance frameworks will the national government apply to ensure project viability and mitigate sovereign risk for this IR development?"},{"label":"Competitive Landscape Impact","query":"How does Wakayama's withdrawal and the remaining two-applicant scenario for up to three licenses alter the central government's negotiation leverage and the potential for a more expedited B2C licensing process for Nagasaki and Osaka?"}],"footnotes":""},"categories":[157,16338,158],"tags":[14017],"class_list":["post-29102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29102","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=29102"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29102\/revisions"}],"predecessor-version":[{"id":29114,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29102\/revisions\/29114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16992"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}