Mohegan Gaming and Entertainment (MGE), after entering a partnership with Oshidori International Development Godogaisha in Japan, has set its sights on further Japanese expansion.
Integrated resort in Nagasaki
The alliance represents a joint bid for an integrated resort license in Nagasaki, which Wakayama, Osaka, and Yokohama are believed to be fighting for one of the three approvals that are up for grabs.
Last year, the national government delayed the filing period with respect to its IR timetable, with the current schedule running from 1 October 2021 until 28 April 2022.
Premium travel destination
Through the agreement, not only do Oshidori and MGE intend to work together to build a premier integrated resort, but also to create a vibrant community to become “a premium travel destination and a premier residential choice” for Nagasaki.
In Sasebo city, the future IR project would be built, with the bid selection process of the Nagasaki prefecture expected to take place during the summer and into the latter stages of 2021.
Unparalleled experience on IR license bid
Mario Kontomerkos, MGE’s CEO explained: “We are honoured to work with Oshidori International and leverage their team’s unparalleled experience on this IR license bid in one of the fastest growing markets in the world.
“Japan offers important development opportunities that will benefit the Kyushu economy. Our growth strategy took into consideration the significant cross marketing opportunity between Project Inspire in Korea and Kyushu, Japan.
“As operators of ten properties globally including one of the largest integrated resorts in the western hemisphere, we are eager to bring our expertise to this venture.”
Oshidori International Development Godogaisha is a Japanese company founded in Sasebo City, Nagasaki Prefecture, for the purpose of developing an integrated resort.
The group, whose parent company is the Oshidori International Holdings Hong Kong Stock Exchange, states that it will work together with local governments, companies, universities, other organisations, and local residents to work continuously on regional growth, with the main catalyst being the Nagasaki IR.
Landmark development opportunity
Alejandro Yemenidjian, President and CEO of Oshidori added: “We are proud to partner with MGE on this landmark development opportunity.
“Through our joint bid, we aim to highlight the rich culture and diversity of the Nagasaki area, and look forward to the positive impact this project will have on the entire Kyushu region.”