Asia

Nagasaki Prefectural Government Asks Casinos Austria for Details on IR Plan

Published

3 years ago

October 14, 2021

Niji Narayan

Reading Time: < 1 minute

The Nagasaki Prefectural Government has asked Casinos Austria International Japan Inc to present a point-by-point plan of the consortium’s structure and how it will raise funds before the end of October.

After a new meeting on Casinos Austria International Japan Inc plans for the development of an integrated resort in Nagasaki, authorities have requested that the operator provide a detailed plan of its consortium’s construction and to explain how it intends to raise funds.

Some at the meeting expressed doubts about the capacity of Casinos Austria International Japan to finance for the IR development. The planned total investment for the IR development is JPY350bn (US$3.2bn). The group plans to build eight hotels, conference and exhibition facilities and a variety of dining and retail options.

The company said the resort would feature 220 gaming tables and 2200 slot machines. It would create nearly 30,000 jobs and attract up to 8.4 million visitors a year to the Sasebo venue.

Related Topics:Casinos Austria International Japan Inc IR development Nagasaki Prefectural Government

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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.