Nagasaki Prefecture Progressing with Its Fully Integrated Casino Resort Plan

Vedran Ostojic — Tue, 07 Jul 2020 22:23:57 +0000

Nagasaki Prefecture located on Kyushu island is home to almost 1.4 million people as estimated in June of 2019. This Japanese prefecture consists of twenty-one municipalities and four districts with Nagasaki as its capital city. The prefecture borders the East China Sea, the Tsushima Straits, Ariake Bay, and Saga Prefecture. As of 2014, the prefecture’s total land area was re-designed as Natural Parks including the Unzen-Amakusa and Saikai National Parks.

Needless to say, Nagasaki Prefecture is a hot hub for tourists with loads of different tourist attractions located within its borders including Hiraido Castle, Sakikata Park, Mount Inasa, Suwa Shrine, Nagasaki Shinchi Chinatown, Urakami Cathedral, Glover Garden, Mount Unzen, Shimabara Castle and more. After many roadblocks and challenges, the prefecture’s government has announced that it still intends to bring a fully integrated casino resort to the area and consequently attract even more tourists.

Nagasaki Prefecture’s Planned Casino Resort

As reported several months ago by local news outlets, Nagasaki Prefecture has submitted its official plan for a planned fully integrated casino resort to the Japanese government in Tokyo which will eventually decide which three prefectures in Japan will be granted necessary licensing to bring such casino resorts to their areas. The race for a trio of casino resort licensing has been going on for some time now and the competition for Nagasaki Prefecture and others is rather stiff.

According to the latest reports from local Japanese news outlets, the Nagasaki Prefecture’s government still intends to have its RFP or request for proposal completed by the end of this year despite recent obstacles mainly related to the ongoing coronavirus pandemic. Either way, Nagasaki Prefecture hopes to secure one of the Japanese trio of fully integrated casino resort necessary licenses to start working on its already devised plan.

One report from GGRAsia released several days ago also stated that the southern Japanese jurisdictions revealed that it intends to start the request for proposal plan of its business strategy this summer while it intends to finish the entire process as well as select a preferred casino operator to construct and operate its envisioned fully integrated casino resort sometime in the winter.

Bold Plans and Coronavirus Damage

Nagasaki Prefecture that is home to almost 1.4 million citizens has definitely made some bold claims regarding its envisioned fully integrated casino resort even though many of its major competitors and bidders have both halted and slowed their business strategies and selection processes due to the negative impacts and consequences of the ongoing coronavirus pandemic.

As reported by the GGRAsia news outlet, Osaka Prefecture’s officials just recently revealed that the coronavirus pandemic negative consequences had delayed the prefecture’s plans for its envisioned fully integrated casino resort by around two years. Nonetheless, Nagasaki Prefecture does not intend to slow down or halt its business strategy and selection processes related to being granted necessary licensing to host one of the nation’s three or fully integrated casino resorts.

All in all, the Japanese prefecture hopes to be granted the right to construct and operate a Las Vegas-style casino resort which is planned for a seventy-four-acre site located near the Huis Ten Bosch park close to the city of Sasebo. Naturally, the prefecture’s plan has generated interest from many international casino operators such as Casinos Austria International. However, Nagasaki Prefecture has to face tough competition from seven other prefectures including Kawasaki, Osaka, and Yokohama.

The post Nagasaki Prefecture Progressing with Its Fully Integrated Casino Resort Plan appeared first on GamblersNews.

Corona Resort and Casino Reveals Half-Year Financial Results; Nagasaki Prefecture Shares Details of Planned Casino Resort

Ivan Potocki — Thu, 24 Oct 2019 15:25:50 +0000

The only Vietnamese casino which permits local players to legally gamble, the Corona Resort and Casino venue has just released its profits for the last period including six months. As shown by the financial results revealed by the company’s officials, Corona Resort and Casino has accumulated gross profits worth over $4.6 million for the period between January to June this year.

This luxurious facility is located on the island of Phu Quoc. The venue opened its doors to local players as well as foreign tourists on the 19^th of January. Opening its casino floor was the best way to compliment the venue’s already rich offering which includes several restaurant services alongside a modern hotel area. Soon after opening its doors, Corona Resort and Casino became the nation’s very first venue of this kind to benefit from an important legislation piece that has previously allowed Vietnamese citizens who are economically qualified to place real money wagers.

Financial Struggles and Growing Competition

The Corona Resort and Casino facility is owned by one local real estate and property development company named Phu Quoc Tourism Investment & Development Company JSC. When it comes to its very first half-year gross gaming revenues, they have reached $26 million even though the numbers for its parent regarding aggregated gross revenues dropped by around ten percent to reach $49.5 million. In addition to these financial issues, the brand is also facing rapidly growing competition.

Corona Resort and Casino was designed by Steelman Partners which is an extremely prominent US-based architectural company. Today, Corona Resort and Casino is the only venue which permits Vietnamese citizens who are older than the age of twenty-one and have an income of over $430 a month to gamble real money. However, this will change shortly and Corona Resort and Casino will get competition in a second local casino constricted in Quang Ninh Province.

Nagasaki Prefecture Releasing Details on Its Integrated Casino Resort

In the meantime, Nagasaki Prefecture has shared more details on its fully integrated casino resort which may open its doors in this area in a time to come. As previously revealed, Nagasaki hopes to be one of three Japan-based fully integrated casino resorts. According to one report by Inside Asian Gaming, the area’s officials have already made the initial request regarding the RFC phase for its plans on bringing a luxurious, Las Vegas casinos-inspired gambling facility.

According to the latest details shared on this matter, the Nagasaki Prefecture’s authorities hope to bring such facility to a massive, seventy-four-acre property located to the popular Huis Ten Bosch park. The very first stage of this massive process has already kicked off several days ago. As reported, it involves the prefecture soliciting major plans from several private operators which are interested in both constructing and operating the Nagasaki Prefecture’s envisioned fully integrated casino resort in the city of Sasebo.

Inside Asian Gaming has also reported several days ago that the Prefecture is also hoping to have everything set including selecting a final casino proposal by the fall of next year before its authorities can submit its fully finished plan to federal selectors in the country’s capital. It should be noted that in order to be considered, privately-owned companies must commit to investing between $3 and $5 billion to construct a venue packed with at least one hotel area alongside related facilities which have to be capable of accommodating around twelve thousand visitors.

Nagasaki Prefecture serves as home to more than 1.3 million citizens and its officials hope to open its fully integrated casino and hotel resorts in four years from now. Opening such a venue will definitely improve the area’s economy as well as attract more tourists. However, any plan that the Prefecture submits for one of the three casino licenses will doubtlessly face serious competition from other Japanese runners including Yokohama, Tokyo, and Osaka.