Casinos Austria Releases Proposal For Nagasaki Integrated Resort
Japan has announced that it will release three integrated resort (IR) casino license and multiple prefectures are keen to be one of the three cities chosen to host a multi-billion dollar IR. Local governments in Japan have invited interested operators to submit an IR proposal and the shortlisted profile will be submitted with the backing of the local government.
Nagasaki is one of the cities vying for an IR license with another we mentioned last week being Wakayama. The local government of Kyushu and Nagasaki recently received a proposal from Casinos Austria International Japan (CAIJ). The proposal is to develop an IR in Sasebo city.
CAIJ comes to the table with a robust reputation. The company is a subsidiary of Casinos Austria International. The gaming operator has the support of the Austrian government which owns one-third of it.
Considering this government support, it receives additional scrutiny to ensure that its operations are fully compliant with gaming regulations. Casinos Austria also has vast experience in setting up and operating 25 casinos all over the world.
According to the proposal, Casinos Austria will be providing full support to the CAIJ in their efforts to set up the integrated resort. They are also willing to cooperate with the local government and businesses to ensure that the project goes ahead with their approval.
CAIJ has made a strong commitment to fully comply with local laws and to restrict the usual harmful influences of gambling in the area. The operator is committed to take serious steps to fully control problem gambling issues that might arise once the IR goes live, while also focusing on local safety and disaster prevention.
The proposal for the integrated resort will require some major investment from Casinos Austria. According to CAIJ estimates, the proposed IR will have a price tag of $3.2 billion and will be worth the huge investment since it will draw in 8.4 million visitors every year. Apart from boosting tourism numbers, the proposed IR resort will also create around 30,000 jobs and generated revenues of $2.9 billion through the resort itself and its overall economic impact.
The integrated resort in Nagasaki will blend together a theme that adds a modern Japanese outlook to its basic facilities, while maintaining a European design. Nagasaki authorities and CAIJ are now working together to streamline this proposal before presenting it to the Japanese government who will make a decision on the three IR licenses by April 2022.