The city of Nagasaki has trimmed down the contenders to three firms competing to be the partner for the Japanese prefecture’s all-inclusive resort. These three firms will now progress to the subsequent phase of discussions.
The initial call for proposals attracted five firms, all of whom were requested to submit preliminary inquiries.
Two of the five firms have now been excluded, and the three firms advancing to the next phase are: Austrian International Casinos, Oshidori International Development and its partner Mohegan Gaming & Entertainment, and Niki Chyau Fwu Group.
Niki Chyau Fwu Group is composed of Japanese commercial real estate developer Niki Group and Taiwanese construction firm Chyau Fwu Group (also known as Parkview Group).
The two firms that did not make it to the next phase were One Kyushu (led by Japanese corporate group Pixel Companyz with participation from France’s Groupe Partouche) and Current Group.
Current Group is made up of VIP room operator Guangdong Group, Japan’s Current Corporation, Get Nice Holdings, real estate investor Success Universe Group, and Hong Kong-listed ITC Properties.
A trio of groups are presently working on the second batch of inquiries concerning their location strategies for the Huis Ten Bosch amusement park site in Sasebo.
These groups must also undergo review by independent examiners to guarantee the firms are appropriate to run a combined resort before the final associates are selected by August.
The process of the Japanese government choosing the three integrated resort locations is still in progress, but the Nagasaki Prefecture government anticipates concluding it by this summer or autumn.
The construction of the property will then necessitate the agreement of Sasebo residents, building is improbable to start before 2023, and the site is not anticipated to open for several years after that.
Apart from Sasebo, numerous other cities are competing for one of the three integrated resort locations. The capital city of Tokyo, Yokohama, Okinawa, Osaka, and Wakayama could also be home to one of these facilities.
The project was authorized by the government in July 2018, with the aim of boosting tourism through venues with multiple commercial and cultural attractions.
The legislation stipulates that the resorts can only dedicate up to 3% of their floor space to gambling, and local inhabitants will be required to pay an entrance fee.
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