Asia

Nagasaki Announces Fundamental Plan Proposal for IR Bid

Published

6 years ago

October 2, 2019

Niji Narayan

Nagasaki Prefecture Planning to Open Integrated Resort in 2027, Claims Financing Looks Good

Photo Source: lonelyplanet.com

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Nagasaki city has released the details of bid for an integrated resort (IR). The Fundamental Plan Proposal will be available on the prefecture’s website and will show how the city will meet Integrated Resort Development Act requirements.

Nagasaki is planning to acquire a plot of land from the Huis Ten Bosch theme park to build its IR. The IR will cover an area of 32 hectares in total and the hotel will be at least 100,000 square metres. The city will select an operator to manage the casino before autumn 2020, with the goal of opening its doors to the public in 2024.

“Japan is the largest untapped market in the world that we think can be regulated properly and a place we might be able to get to. It represents the economics of something like Singapore. Each licensee will have an audience of about 30 million if they are spread out correctly. So we’re all in. We’ve taken an Osaka-first position and we want to build something extremely special,” Bill Hornbuckle, COO of MGM Resorts International said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.