After publishing its’ Fundamental Plan Proposal,’ articles Inside Asian Gaming, Japan’s Nagasaki Prefecture provided further information of its plans to host an integrated resort in the nation.
The proposition, which accommodates the IR Development Act, includes a budget for development in the area of $3bn–$5.1bn and must include a big hotel, global meeting centre and exhibition centre to accommodate at least 12,000 individuals.
In addition, the plans also emphasise that the region seeks to obtain territory from the Huis Ten Bosch amusement park inspired by the Netherlands in order to build its IR.
The town is encouraging IR providers to receive company plans with a broader proposition to be drawn up by next year’s March depending on the IR Development Law and Problem Gambling Countermeasures, ahead of choosing an operator partner by fall 2020.
With it’s planned opening in 2024, it will have an IR area of 31 hectares and will follow government provisions that the hotel’s total surface area must be 100,000 square metres and at least 20,000 square meters of floor area of the exhibition, while the international conference rooms must be capable of accommodating 6,000 people.
Japanese inhabitants will be charged an entry fee of JPY6,000 as a measure to avoid addiction.
Next year a total of three IR installations will be endorsed, with Nagasaki, Osaka, Wakayama and Yokohama all confirming their tender intentions. Their intentions need to be confirmed by Hokkaido, Tokyo, Chiba and Nagoya.
MGM Resorts International is believed to be the front runner as the chosen company to build a casino resort in the town of Osaka in a consortium with its Japanese partner Orix.
This arises as last week Melco Resorts and Entertainment followed the previous trend of Las Vegas Sands to drop out of the region’s running, with the latter concentrating on Tokyo and Yokohama as the former pursuing a casino resort license adopting a’ Yokohama first’ strategy.
It is believed that the MGM is presently facing competition to ensure the green light of Osaka from Genting Singapore, a subsidiary of Genting Group, Galaxy Entertainment Group and Wynn Resorts.