Duo Declare Involvement In Integrated Casino Resort Plan In Japan

In Japan a couple of private entities have recently indicated that they will participate in the initial application-for-concept (RFC) component of the project that could result in one of the nation’s upcoming trio of integrated casino resort licences being granted to the southern city of Sasebo.

According to a GGRAsia document, the local subsidiary of Vienna-headquartered operator Casinos Austria International, Casinos Austria International Japan Incorporated, along with a group led by the Japanese company Current Corporation, now has until January 10 to apply their proposals for the intended property alongside specific business promotion and anti-problem gambling policies.

While most gambling is currently illegal in Japan, Prime Minister Shinzo Abe’s coalition government passed legislation in July last year to see the nation of some 126 million people give three casino licences. To be chosen as a host for one of these new facilities, locally known as integrated casino resorts, communities are expected to partner with an experienced developer before sending their competing final proposals to a federal selection panel in Tokyo.

Sasebo is home to around 248,000 people and earlier outlined that it hopes to be given a licence to bring a casino resort in Las Vegas style to a 74-acre site adjacent to its Huis Ten Bosch theme park. The Nagasaki Prefecture community clarified that it would like this project to eventually include several hotels and restaurants as well as large conference and exhibition spaces in hopes that by attracting more visitors it will be able to improve local economy.

GGRA Asia announced that Casinos Austria International Japan Incorporated claimed that it was still ‘ calculating the investment budget ‘ for its planned development of Sasebo but that this figure would include costs associated with improving the local ‘ transportation network. ‘ Acio Hayashi, Chief Executive Officer of the company, allegedly stated earlier that the imagined property was due to congestion.

Current Corporation, for its part, reportedly revealed in June that it had set up a consortium with Hong Kong-listed investors Get Nice Holdings Limited and Success Universe Group Limited in hopes of winning the licence to bring an integrated casino resort to Sasebo. The company reportedly explained that its project has an initial budget of approximately $5.08 billion and provides cash for regional improvement of infrastructure.

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