{"id":33349,"date":"2022-09-08T05:33:40","date_gmt":"2022-09-08T08:33:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33349"},"modified":"2026-04-23T05:04:27","modified_gmt":"2026-04-23T08:04:27","slug":"cantor-fitzgerald-and-credit-suisse-may-aid-financing-of-nagasaki-ir","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/cantor-fitzgerald-and-credit-suisse-may-aid-financing-of-nagasaki-ir","title":{"rendered":"Cantor Fitzgerald and Credit Suisse may aid financing of Nagasaki IR"},"content":{"rendered":"\n

In addition to arranging a loan portion of the capital, the financial institutions might get involved with “80 per cent of the equity part.”<\/p>\n\n\n\n\n\n\n\n

Japan.- Kengo Oishi, governor of Nagasaki prefecture, has said that the financial services companies Cantor Fitzgerald\u00a0<\/strong>and\u00a0Credit Suisse<\/strong> are interested in acting as financial arrangers for Nagasaki’s integrated resort (IR) project.<\/p>\n\n\n\n

Nagasaki is one of two cities that have submitted bids<\/a>\u00a0to develop IRs in Japan. Authorities chose\u00a0Casinos Austria International Japan Inc<\/strong>\u00a0as\u00a0partner for their bid<\/a> and expect the IR to open in 2027. The expected cost for development is\u00a0JPY438.3bn (US$3.8bn)<\/a>, including JPY175.3bn in equity costs.<\/p>\n\n\n\n

According to GGRAsia, Oishi said Cantor Fitzgerald\u00a0and\u00a0Credit Suisse may participate in the 80 per cent equity portion of the financing and also arrange loans for a portion of the funds. He said both companies had been issued letters of commitment.<\/p>\n\n\n\n

Cantor Fitzgerald has previously been mentioned as a potential financial services provider for an IR in Wakayama. However, in April, the Wakayama prefectural council\u00a0rejected plans for a proposed casino resort<\/a>. A prefectural council committee had expressed concern that planning and fundraising for the project remained unclear.<\/p>\n\n\n\n

JCRC requests FY2023 budget increase of nearly 10%<\/h2>\n\n\n\n

The Japan Casino Regulatory Commission has asked the national government for an increase in its annual budget of almost 10 per cent for the 2023 financial year, taking it to JPY3.88bn (US$27.7m). That would be an increase of JPY0.35bn from the 2022 budget and would cover an expected increase in the regulator\u2019s staff.<\/p>\n\n\n\n

The commission expects its staff numbers to increase by 12.7 per cent to 177 in the next year. The Japan Casino Regulatory Commission <\/strong>estimated its personnel and operational costs would rise by JPY160m year-on-year to JPY2.85bn as it sets up a structure to supervise casino operators. Other costs would reach JPY460m, up by JPY70m.<\/p>\n\n\n\n

The cost of \u201cauditing casino operators and others to verify eligibility to issue casino licenses\u201d has been estimated at JPY220m and the cost of establishing an information technology (IT) system to check whether casino operators and others are eligible to issue casino licences is estimated at JPY60m.<\/p>\n","protected":false},"excerpt":{"rendered":"

In addition to arranging a loan portion of the capital, the financial institutions might get involved with “80 per cent of the equity part.”<\/p>\n","protected":false},"author":176,"featured_media":20877,"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 integrated resort project is advancing with Cantor Fitzgerald and Credit Suisse indicating interest in structuring the financing, including a significant equity portion, for the US$3.8bn development alongside Casinos Austria International Japan Inc. Concurrently, the Japan Casino Regulatory Commission has requested a nearly 10% budget increase for FY2023, targeting enhanced staffing and the establishment of robust IT and auditing frameworks essential for comprehensive casino operator supervision and licensing.","focusai_entities":"Cantor Fitzgerald, Credit Suisse, Kengo Oishi, Casinos Austria International Japan Inc, Japan Casino Regulatory Commission, GGRAsia","focusai_location":"Japan, Nagasaki, Wakayama","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.95), operator_casino (0.95), tech_data (0.75), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Nagasaki IR Financing Details","query":"What are the specific financial instruments and equity participation structures being considered by Cantor Fitzgerald and Credit Suisse for the Nagasaki IR project, and how do they compare to typical large-scale gaming vertical financing models?"},{"label":"JCRC Budget Impact","query":"How will the Japan Casino Regulatory Commission's increased budget and expanded staffing directly influence the timeline, stringency, and operational costs associated with B2B\/B2C licensing and ongoing regulatory compliance for future IR operators?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632],"class_list":["post-33349","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\/33349","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=33349"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33349\/revisions"}],"predecessor-version":[{"id":33352,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33349\/revisions\/33352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20877"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}