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Nagasaki Prefecture Planning to Open Integrated Resort in 2027, Claims Financing Looks Good
Nagasaki prefecture is firming up its plans for an integrated resort (IR).
A government representative said that the prospects for procuring the JPY 440 billion (US$3.8 billion) required to develop a Nagasaki IR at Huis Ten Bosch are strong.
There have been concerns aired within the Nagasaki prefectural assembly over the ability of the prefecture’s preferred partner, Casinos Austria International Japan (CAIJ), to fund the development given the lack of detail so far provided.
The plan is for JPY 175 billion (US$1.5 billion) to be funded by CAIJ and other domestic and international sources, with JPY 265 billion (US$2.3 billion) to come from debt.
“The sources of funding have been determined with a high level of probability, but we can’t disclose the names yet. Once it has been approved at the prefectural assembly, we can give you specific names,” a representative from the prefectural government said.
At the prefectural assembly held on 10 March, CAIJ explained the area development plan for the proposed IR.
According to the plan, if approved by the national government, construction is to begin in 2023 with the opening planned to take place in 2027.
There was also a call for public comments regarding the plan between December and January of this year, for which the results were announced at the assembly.
There were no opinions that led to amendments in the proposal, were considered impossible to reflect in the proposal or required further considerations. There were, however, concerns regarding CAIJ.
“As a resident of Nagasaki prefecture, I am grateful that an IR will be built here. I am concerned about whether or not the operator is good. According to online articles, it seems like it will be hard to raise funds,” one comment read.
To this, the prefecture responded: “The specific measures being taken to increase the probability of procuring funding has been included in the area development plan and we are arranging for further financial stability.”
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Bingo Paradise, a prominent UK iGaming affiliate, has announced its most successful quarter ever, achieving record growth during Q3 2024. The portal saw an unprecedented rise in first-time depositors (FTDs), a testament to its commitment to delivering value to players and operators in the highly competitive iGaming space.
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Eagerly anticipated release now confirmed following a highly successful exclusivity period with Rush Street Interactive
Play’n GO has today announced the official US release of its hit title Colt Lightning Firestorm, following a three-week period of exclusivity with Rush Street Interactive brands BetRivers and SugarHouse.
Colt Lightning Firestorm was released in Europe and other jurisdictions in May 2024, and its release in the US comes with much fanfare following the game’s rave reviews in its short exclusivity period. The game is a sequel to the wildly popular Colt Lightning game which was released early last year, and indications at this stage suggest that this sequel may prove even more successful.
This announcement sees Colt Lightning Firestorm available to players in each state and operator with whom Play’n GO is licensed. Play’n GO first entered the online casino market in the US in 2022, and has reiterated its commitment to becoming active in every regulated market around the world.
Magnus Olsson, Chief Commercial Officer at Play’n GO said: “We’re excited to unveil Colt Lightning Firestorm to the wider online casino gaming community in the US, and have been very pleased to see its strong performance during its exclusivity period with Rush Street Interactive. We had high hopes for the game following the success of its predecessor, and we’re confident that these robust results will continue now that the game is available to an even bigger audience.”
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