• 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
  • Japan IR submission deadline passes with just 2 applicants
    Japan IR submission deadline passes...

    Apr 29, 2022  

  • Osaka, Nagasaki submit IR bids to Japan’s national govt
    Osaka, Nagasaki submit IR bids to...

    Apr 27, 2022  

More news
  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  

  • Over 7.9mln Bloomberry shares vested to some senior execs
    Over 7.9mln Bloomberry shares vested to...

    May 18, 2022  


Latest News

Kangwon drove 2021 S.Korea casino revenue growth: govt

Kangwon drove 2021 S.Korea casino revenue growth: govt

May 18, 2022  

Gambling revenue in South Korea’s casino market rose by 13.3 percent year-on-year in 2021, to KRW1.18 trillion (US$931.0 million), from KRW1.04 trillion in 2020, according to data from the Ministry...
Read More
Over 7.9mln Bloomberry shares vested to some senior execs

Over 7.9mln Bloomberry shares vested to some senior execs

May 18, 2022  

Light & Wonder sets US1.4bln AEBITDA target for 2025

Light & Wonder sets US1.4bln AEBITDA target for 2025

May 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$10 billion

Target set by gaming equipment and online content provider Light & Wonder for total capital creation from 2022 to 2025



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us