Japan’s Nagasaki prefecture has mentioned in an updated economic impact paper, a lower figure for maximum casino resort construction investment in that location than had been mooted in December.
The latest update, presented at a prefectural assembly meeting on Tuesday, mentioned construction investment in an integrated resort or “IR” – as large-scale casino complexes with non-gaming tourism facilities are known in that country – in the range of JPY350 billion (US$3.26 billion) to JPY460 billion.
In December the prefecture had mentioned capital spend in the range of JPY320 billion to JPY550 billion.
It was not clear from information collated on behalf of GGRAsia, whether the revised capital cost included or excluded spend on transport infrastructure improvements – possibly a pier for a fast ferry service, or a railway spur line – to bring tourists from nearby ports and airports to Nagasaki’s chosen site for an IR on land at the Huis Ten Bosch theme park in Sasebo city (pictured), part of the prefecture.
The latest provisional price range for a Nagasaki IR is still a lot more than the tentative number mentioned by the prefecture in April 2018, when a figure of JPY200 billion was suggested, according to media reports at the time.
Nagasaki prefecture had announced in early October its request-for-concept (RFC) guidelines for commercial partners interested in running a casino resort locally, but had not given at that stage any information about expected economic impact from such a project, according to GGRAsia’s Japan correspondent.
In Tuesday’s update on potential economic benefits of an IR, Nagasaki mentioned the likelihood that it could attract annually 6.9 million to 9.3 million visits to the city.
That figure had been mentioned in mid-February by the Nagasaki Shimbun newspaper.
In late January Nagasaki prefecture told GGRAsia there was “no change” in the timetable regarding its tilt at hosting a “Nagasaki-Kyushu” casino resort, despite the national authorities saying at that time they might delay publication of the national so-called basic policy on integrated resorts.
Days before that, Nagasaki told GGRAsia that it had – by the time of a deadline on January 10 – received a total of three submissions under its RFC process.
Three companies had previously publicly-confirmed their participation in Nagasaki’s RFC phase. They were: Oshidori International Holdings Ltd, a Hong Kong-listed investment holding firm; Japan’s Current Corp; and Casinos Austria International Holding GmbH.
May 26, 2020
May 25, 2020The coronavirus pandemic has been touted in some quarters...
May 15, 2020Macau’s so-called consumption subsidy scheme is...
Apr 09, 2020The ongoing Covid-19 pandemic has led to increased...
Feb 14, 2020A straw poll by GGRAsia on the Macau government’s...
Dec 31, 2019Japan casino liberalisation will inch forward in 2020...
May 26, 2020Former monopolist of Macau casino business Stanley Ho Hung Sun (pictured) died aged 98 at 1pm on Tuesday at Hong Kong Sanatorium and Hospital, said one of his daughters, Pansy Ho Chiu King,...
"There’s a huge amount of possibilities out there and in the case of Macau, it seems that some of these issues should be considered or we may lose the epithet of gambling capital of the world"
Macau-based lawyer and senior partner at law firm Rato, Ling, Lei and Cortés