A local council in Nagasaki, southern Japan, reportedly supported plans for the Huis Ten Bosch theme park to become a Las Vegas-style integrated casino resort by the end of 2027.
A definitive go-ahead for Kyushu's integrated resort development plan, according to a GGR Asia report, allows the completed integrated casino resort proposal to be submitted to the federal selection committee before the April 4 deadline. It is said that it has become.
The approval was said to have come after a proposal released by the prefectural office on Monday passed the committee yesterday.
Nagasaki Prefecture has a population of 130 million and is said to want to be one of Japan's three heterogeneous regions chosen to host an integrated casino resort.
The announced integrated resort development plan estimates that approximately $ 14 billion, including approximately $ 35 billion in capital, will be a highly gambling project.
Money raising goal
GGRAsia reports that part of this investment is expected to come from Casinos Austria International Japan Incorporated, a subsidiary of European casino giant Casinos Austria International, which previously acquired control of an integrated casino resort in Nagasaki Prefecture. rice field.
However, the plan is expected to require Nagasaki Prefecture to raise $ 20 billion in development funding from other private funds, although the lead managing underwriter has not yet been determined.
American Association
This breakthrough took place almost a week after commercial real estate services and investment firm CBRE Group Incorporated revealed that it would play a part in financing the integrated casino resort envisioned in Nagasaki Prefecture. It is said that it was.
The Dallas-based company said it revealed this by voting in favor of the Sasebo City Council's integrated resort development plan on Friday.
Evolving environment
Currently, most gambling is illegal in Japan, but in July 2018, former Prime Minister Shinzo Abe's coalition government announced that Japan, with a population of about 7 million, would attract more foreign tourists to the host area. It is reported that it has passed a law authorizing three integrated casino resorts to improve its economy.
With the opportunity to secure one of these lucrative 40-year licenses, candidate regions submit a completed application to the federal selection committee, where the final decision may come later this year. It is said that you are required to submit it.
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