{"id":184313,"date":"2021-08-30T09:46:16","date_gmt":"2021-08-30T16:46:16","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=184313"},"modified":"2021-08-30T10:52:45","modified_gmt":"2021-08-30T17:52:45","slug":"casinos-austria-signs-nagasaki-ir-development-pact","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/casinos-austria-signs-nagasaki-ir-development-pact\/","title":{"rendered":"Casinos Austria Signs Nagasaki IR Pact, Second Japan City with Resort Deal"},"content":{"rendered":"

It’s official. Casinos Austria will develop the integrated resort (IR) in Nagasaki, Japan.<\/p>\n

\"Casinos
A rendering of the integrated resort concept in Nagasaki, presented by Casinos Austria. The towering casino stands tall over Sasebo City in the rendering. (Image: Nagasaki Prefecture)<\/figcaption><\/figure>\n

The consortium led by Casinos Austria and prefecture officials confirmed today that both parties have signed the proposed IR development agreement. The project targets Nagasaki’s Sasebo City and the leisure region’s Huis Ten Bosch Dutch theme park.<\/p>\n

Casinos Austria International Japan, the company’s operating subsidiary in Japan, is a group that involves global hotel giant Hyatt Group.<\/p>\n

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We have signed a basic agreement with Casinos Austria International Japan on August 30,” <\/strong>an official prefecture release explained.<\/p>\n<\/blockquote>\n

“We will now proceed with the area development plan to be submitted for approval before April 28 of next year,” <\/strong>added Nagasaki Gov. Hodo Nakamura.<\/p>\n

Nagasaki is the second prefecture in Japan to confirm an IR development agreement. Last week, Wakayama came to terms with its IR partner Clairvest Group<\/a>.<\/p>\n

IR Process<\/b><\/h2>\n

Japan’s central government legalized up to three commercial gambling IR facilities in the summer of 2018. The country’s legislature has been since mulling over various aspects of the forthcoming industry, including the licensing process and gambling regulations.<\/p>\n

Japan’s Casino Administration Committee will begin fielding IR pitches from prefectures\/cities and their respective IR developer on October 1, 2021. Applications will be accepted through April 28, 2022. Casinos Austria Japan has proposed a JYP350 billion (US$3.2 billion) integrated resort scheme on adjacent land next to the Huis Ten Bosch amusement park<\/a>.<\/p>\n

The consortium’s prefecture development agreement requires various minimum features, including:<\/p>\n