Nagasaki signs casino Austria IR master agreement

Japan’s Nagasaki Prefecture said it signed a “master agreement” with Casino Austria International Japan Inc to allow the local government to develop and operate the “Kyushu Nagasaki IR,” which it referred to in a press release on Monday.

This is first referring to the division of game operator Casino Australia AG, and secondly, to the Kyushu area of Japan, to which Nagasaki belongs. Nagasaki Prefecture is eager to host a casino complex or “integrated resort” (IR), saying that hosting a casino complex or “integrated resort” (IR) will stimulate tourism and the economy of the entire region.

Separately, the prefecture gave more information about the submission of proposals by the Casino Austria department. The planned total investment was 350 billion yen ($3.2 billion), the lowest level in the range, from 350 billion yen to 460 billion yen, which the prefecture specified in its IR basic concept.

Monday’s announcement nonetheless quoted Nagasaki Governor Hodo Nakamura as saying: “The operator’s business proposal is supported by its business performance in Europe and other international markets, and aims to realize a world-leading traditional and luxurious integrated resort in harmony with the landscape of Whisten Bosch.”

The latter refers to a theme park that resembles the historic Dutch city where the Hope Casino complex will be located.

Local governments in Japan must apply to national authorities for the right to host casino developments. Under the liberalization system, up to three integrated resorts will be allowed in Japan. The national government will announce its decision on where casino resort developments will be allowed in 2022.

Nakamura was further quoted as saying in a statement on Monday that “we will now submit a regional development plan for approval before April 28 next year.”

He also said, “We will strive to realize Kyushu-Nagasaki IR with strict measures to alleviate public concerns such as gambling addiction as the top priority.”

Mr Nakamura added, “The Kyushu-Nagasaki IR will boost the local economy and tourism industry affected by COVID-19, and contribute to the development of the Kyushu region and further our country.”

On August 20, the current authorities told GGRAsia in response to our inquiries, that the Request for Proposal (RFP) process and background checks were conducted in a “fair manner”.

On Aug. 10, Nagasaki said it had chosen Casino Austria International Japan “first” as a partner with local governments’ interest in casino resorts.

However, one of the other contenders, the Japanese company Niki Chyau Fwu (Parkview) Group, questioned the integrity of Nagasaki’s selection process, according to reports in Japanese media.

BY: 우리카지노탑

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