Japan’s Ministry of Land, Infrastructure, Transport and Tourism announced on Wednesday that it will not approve the development plan for an integrated resort with casino gaming in Nagasaki, citing concerns around financing and the track record of investors.
Following local media reports earlier in the day which claimed the application submitted by Nagasaki prefecture and its partner consortium Kyushu Resorts Japan would be rejected, the Ministry released the results of a review by a committee of experts which confirmed that stance.
The panel said, “It is difficult to say there is sufficient evidence to support the certainty of financing” and the lack of “objective materials supporting the certainty of financing” from potential investors and financing parties.
