• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Concerns voiced on funding for envisioned Nagasaki IR

Dec 03, 2021 Newsdesk Japan, Latest News, Top of the deck  


Concerns voiced on funding for envisioned Nagasaki IR

A public representative in a Japanese city tilting to host a casino resort has questioned – at local assembly level – whether a selected private-sector partner will be able to raise the money and form an effective consortium for such a large-scale scheme.

The issue was broached in the Nagasaki prefectural assembly on Friday, regarding the capability of chosen partner Casinos Austria International Japan Inc, in relation to its resort proposal (pictured in an artist’s rendering).

Similar questions had been raised in the Wakayama prefectural assembly in recent weeks, regarding the financial capability of Wakayama’s chosen private-sector partner for a casino resort, Clairvest Neem Ventures KK.

Lobby groups in Wakayama and in Nagasaki have respectively been calling for local referendums on the IR issue.

Friday’s Nagasaki prefectural assembly meeting was the second session of a question and answer opportunity for members regarding an integrated resort (IR) as large-scale casino resorts are known in that nation.

A Nagasaki assembly member queried whether JPY350 billion (US$3.09 billion) – the projected capital cost mentioned by Casinos Austria International – would be sufficient.

In response, the prefecture said it would present soon the draft of its IR-related District Development Plan to the assembly’s relevant committee, but without the information regarding consortium building and fund-raising.

The prefecture had said in October it was seeking more information from Casinos Austria International regarding project funding.

What is termed the November session of Nagasaki’s prefectural assembly runs from November 26 to December 21.

After it finishes, a public consultation on the casino proposal is due to take place.

Under Japan’s liberalisation programme for casino business, up to three resorts will be permitted nationally.

Currently, only three local communities are at an advanced stage for making an application to the national government. Aside from Nagasaki and Wakayama, the other is Osaka.

The choice of Casinos Austria International as Nagasaki’s IR partner has been queried by spurned suitors.

One of them, Hong Kong-listed investment group Oshidori International Holdings Ltd said in its first-half results filed on August 30, its experience of bidding to collaborate with the prefecture on a casino complex had led it to “question whether there have been serious ethical irregularities” in the process.

It was reported in Japanese media that the other rejected contender for Nagasaki – Niki Chyau Fwu (Parkview) Group, a Japanese enterprise – had also questioned the integrity of Nagasaki’s selection process.

Nagasaki prefecture has countered that the partner-selection process was conducted fairly and properly.


  • tweet
Related articles
  • Former casino suitor Wakayama to close IR office
    Former casino suitor Wakayama to close...

    Jun 28, 2022  

  • Antis claim right to propose Osaka casino referendum
    Antis claim right to propose Osaka...

    Jun 28, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
  • Macau drops 48hr nucleic acid test for casino staff, guestsMacau drops 48hr nucleic acid test for casino staff, guests June 30, 2022
  • GKL says no biz lift soon from S.Korea-Japan travel easingGKL says no biz lift soon from S.Korea-Japan travel easing July 1, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us