Oshidori International and Mohegan Gaming & Entertainment have joined together in a bid to acquire the lucrative licence
The race for the Nagasaki IR licence continues to heat up as Oshidori International Development Godogaisha and Mohegan Gaming & Entertainment have announced that they will be partnering up together in a bid to acquire the much sought after IR licence.
Japan had considered measures to approve an Integrated resort as a way to boost tourism and generate new revenue. According to Nagasaki's IR basic concept tentative plan the whole development will cost up to $4billion and is estimated to see around 7 billion visitors per year.
The bid for Nagasaki's IR licence is heavily contested and has certainly heated up with the new addition of the partnership of Oshidori International and Mohegan Gaming & Entertainment.
Oshidori Internation are a Japanese company established for the purpose of developing an integrated resort in Nagasaki while Mohegan Gaming & Entertainment is a master developer of integrated resorts worldwide.
Other than creating an exceptional integrated resort, the partnership looks to create a dynamic community for Nagasaki - becoming a premium travel destination and residential choice in Japan.
President and CEO of Oshidori - Alejandro (Alex) Yemenidjian shared his delight at the partnership:
“We are proud to partner with MGE on this landmark development opportunity. Through our joint bid, we aim to highlight the rich culture and diversity of the Nagasaki area, and look forward to the positive impact this project will have on the entire Kyushu region."
Furthermore, Mario Kontomerkos - MGE's CEO, also highlights how the company is eager to bring their expertise to Japan:
"We are honored to work with Oshidori International and leverage their team’s unparalleled experience on this IR license bid in one of the fastest growing markets in the world.
Japan offers important development opportunities that will benefit the Kyushu economy.
Our growth strategy took into consideration the significant cross marketing opportunity between Project Inspire in Korea and Kyushu, Japan. As operators of ten properties globally including one of the largest integrated resorts in the western hemisphere, we are eager to bring our expertise to this venture."
The IR will be developed in Sasebo City, with the selection process to run through June till December of this year.
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