Nagasaki Prefecture Planning to Open Integrated Resort in 2027, Claims Financing Looks Good

Nagasaki prefecture is firming up its plans for an integrated resort (IR).

A government representative said that the prospects for procuring the JPY 440 billion (US$3.8 billion) required to develop a Nagasaki IR at Huis Ten Bosch are strong.

There have been concerns aired within the Nagasaki prefectural assembly over the ability of the prefecture’s preferred partner, Casinos Austria International Japan (CAIJ), to fund the development given the lack of detail so far provided.

The plan is for JPY 175 billion (US$1.5 billion) to be funded by CAIJ and other domestic and international sources, with JPY 265 billion (US$2.3 billion) to come from debt.

“The sources of funding have been determined with a high level of probability, but we can’t disclose the names yet. Once it has been approved at the prefectural assembly, we can give you specific names,” a representative from the prefectural government said.

At the prefectural assembly held on 10 March, CAIJ explained the area development plan for the proposed IR.

According to the plan, if approved by the national government, construction is to begin in 2023 with the opening planned to take place in 2027.

Source: https://europeangaming.eu/portal/latest-news/2022/03/15/110911/nagasaki-prefecture-planning-to-open-integrated-resort-in-2027-claims-financing-looks-good/