Integrated casino resort green light for Nagasaki Prefecture
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Local legislators for Nagasaki Prefecture have voted in favor of the plan that could see the jurisdiction’s Huis Ten Bosch theme park feature a Las Vegas-style integrated casino resort by the end of 2027. The plan was published by Kyushu Prefectural Government on Monday.
Nagasaki Prefecture is home to 1.3 million people. It is one of three Japanese communities picked to host an integrated casino resort. The Integrated Resort District Development Plan purportedly put the cost of the project at $3.5 billion.
Some of the investment is expected to come from Casinos Austria International Japan Incorporated, a subsidiary of European casino giant Casino Austria. The jurisdiction will also have to raise as much as $2 billion in development financing from other private sources.
CBRE Group Incorporated revealed last week that it would be playing a part in funding the envisioned integrated casino resort for Nagasaki Prefecture. The disclosure purportedly came during a positive Friday vote by the city council for the host community of Sasebo on the proposed Integrated Resort District Development Plan.
Gambling is illegal in Japan, but the coalition government passed legislation in July 2018 to authorize a trio of integrated casino resorts. The aim is to improve the hosts' local economies via the attraction of international tourists. Candidate locales are obliged to submit their completed applications to a panel of federal selectors with final decisions coming before the end of the year.
