Nagasaki Outlines IR Economic Impact

Akihabara News (Tokyo) — Answering questions before the prefectural assembly, officials of Nagasaki Prefecture revealed the scale of the economic impact expected with the selection of the Casinos Austria-led Integrated Resort (IR) consortium.

According to their estimates, building the IR will lead to an annual visitation of about 8.4 million people to the facility adjoining the Huis Ten Bosch theme park in Sasebo. This is expected to create new jobs for about 30,000 people and have an economic spillover effect to the local region of about ¥320 billion (US$2.9 billion) on an annual basis.

The investment required to build the casino resort is estimated to be about ¥350 billion (US$3.2 billion).

Separately, Casinos Austria International Japan President Akio Hayashi met last week with Takuya Kaneko, chairman of the Sasebo Chamber of Commerce & Industry, to discuss avenues for mutual cooperation.

Hayashi indicated that his company would try to partner with companies in Nagasaki as much as possible during both the construction phase and during operation of the IR.

Kaneko responded, “Given the scale of the IR, the prefecture alone is not sufficient. I want to aim for an all-Kyushu support system. I want related companies to set up sales offices in our area and take root here.”

While Casinos Austria has been selected by Nagasaki Prefecture as its IR consortium partner, there is still one major hurdle left to cross before the project is greenlighted. By next April, the prefecture and the consortium must make a joint application to the central government for licensing.

The government is expected to announce licensing results in mid-2022.

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