This week Pixel Companyz Inc. announced that they're looking to possibly develop a casino resort in the Japanese city of Nagasaki through their Japan IR consortium.
The consortium has been in contact with lawmakers in the region and is planning to make a formal announcement in the future. The prefecture has been one of a few in Japan that has worked to implement plans for resort growth, complete with strong support from lawmakers. Gambling is currently illegal in Japan, but laws have changed over the past few years, and it does appear that casinos are coming in the form of resorts in the next few years.
Japan could be an attractive market for outside investment, as the population of 126.5 million is large enough to support a betting base. Tourism would likely help too, as more than 15 million people visited the island nation in 2019.
Commenting on the development Pixel Companyz CEO Hiroaki Yoshida said, "Nagasaki is the optimal site for an integrated resort in Japan. Sasebo city, where the development site is located, is a beautiful seaport city rich in history and international culture. The prefecture has seen support for integrated resort development from both the prefectural and municipal councils, and also the private sector in the business communities of the Kyushu region."
"We see Nagasaki as a great opportunity to create a unique regional resort that suits the strengths of the region and our consortium. We look to create an integrated resort that will promote regional tourism and businesses, will revitalize the local community and bring out the best of local and international culture."