{"id":777005324,"date":"2023-05-17T13:21:24","date_gmt":"2023-05-17T16:21:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005324"},"modified":"2026-04-22T21:54:30","modified_gmt":"2026-04-23T00:54:30","slug":"nagasaki-ir-plans-still-waiting-for-approval","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagasaki-ir-plans-still-waiting-for-approval","title":{"rendered":"Nagasaki IR plans still waiting for approval"},"content":{"rendered":"\n

The Nagasaki prefecture has still received no decision from the national government on its integrated resort (IR) application.<\/p>\n\n\n\n\n\n\n\n

Japan.- The future of Nagasaki’s IR plans<\/strong> remains uncertain. Osaka’s integrated resort (IR) project has been approved and a draft agreement is expected by September<\/a>, but Japan’s central government has yet to make a decision on Nagasaki’s application, and no timeline has been provided. <\/p>\n\n\n\n

Nagasaki submitted its IR District Development Plan<\/a> alongside Osaka’s last year, aiming to partner with Casinos Austria International Japan Inc<\/a> and open the IR by 2027. However, funding for the JPY438.3bn (US$3.8bn) development has not been publicly confirmed and the delay in approval makes a 2027 opening unlikely.<\/p>\n\n\n\n

Nagasaki’s financial arrangements involve entities such as Credit Suisse AG, CBRE, and Cantor Fitzgerald Securities Japan Co. <\/p>\n\n\n\n

Osaka governor Hirofumi Yoshimura<\/strong> says the government and its IR partner, an MGM-Orix consortium, will finalise a draft agreement for project implementation by September. This will outline the development schedule, which has already received national government approval. Opening is slated for the first half of 2030<\/a>, according to MGM Resorts CEO Bill Hornbuckle<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nagasaki prefecture has still received no decision from the national government on its integrated resort (IR) application.<\/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":"Nagasaki's integrated resort (IR) application faces significant delays, with no national government decision, making its 2027 opening target unfeasible and raising questions about its JPY438.3bn funding. This contrasts with Osaka's IR project, which has secured approval and is progressing towards a draft agreement by September for a 2030 opening, involving the MGM-Orix consortium.","focusai_entities":"Casinos Austria International Japan Inc, Credit Suisse AG, CBRE, Cantor Fitzgerald Securities Japan Co, MGM-Orix consortium, MGM Resorts, Bill Hornbuckle, Hirofumi Yoshimura","focusai_location":"Japan, Nagasaki, Osaka","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Nagasaki IR Funding","query":"What specific financial assurances or revised funding structures will Nagasaki need to present to the national government to overcome current approval hurdles for its IR project?"},{"label":"Japan IR Regulatory Timeline","query":"How will the disparity in approval timelines between Osaka and Nagasaki impact the national government's broader strategy for IR market development and future licensing rounds in Japan?"}],"footnotes":""},"categories":[157,16338],"tags":[23911,23632],"class_list":["post-777005324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-gambling-regulation","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005324","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=777005324"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005324\/revisions"}],"predecessor-version":[{"id":777005351,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005324\/revisions\/777005351"}],"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=777005324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}