• 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

Nagasaki flags US$4.3bln top-end cost for casino IR

Mar 05, 2020 Newsdesk Japan, Latest News, Top of the deck  


Nagasaki flags US$4.3bln top-end cost for casino IR

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.


  • tweet
Related articles
  • Nagasaki governor says Credit Suisse sale may affect IR plan
    Nagasaki governor says Credit Suisse...

    Mar 21, 2023  

  • Nagasaki says Credit Suisse woes not to impact IR plan
    Nagasaki says Credit Suisse woes not to...

    Mar 20, 2023  

More news
  • Pagcor mulls pure regulator role via US$1.5bln casinos sale
    Pagcor mulls pure regulator role via...

    Mar 21, 2023  

  • Macau ops getting overseas visitors via private jets: report
    Macau ops getting overseas visitors via...

    Mar 21, 2023  


Latest News

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Mar 21, 2023  

The Philippines is looking to raise circa PHP80 billion (US$1.47 billion) from the sale of its network of small, state-owned casinos, said on Tuesday the head of the country’s regulator the...
Read More
Macau ops getting overseas visitors via private jets: report

Macau ops getting overseas visitors via private jets:

Mar 21, 2023  

Crane gets US$1.65bln financing to support biz split

Crane gets US$1.65bln financing to support biz split

Mar 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The [Macau] month-to-date run-rate represents an approximately 45-percent recovery versus pre-Covid-19 levels for headline gross gaming revenue”

DS Kim and Mufan Shi

Analysts at brokerage JP Morgan Securities



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • SJM Holdings to sponsor Macao Golf Open for next 3 yearsSJM Holdings to sponsor Macao Golf Open for next 3 years March 21, 2023
  • Macau ops getting overseas visitors via private jets: reportMacau ops getting overseas visitors via private jets: report March 21, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us