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Sasebo city agrees to Huis Ten Bosch IR site price of US$189 million

Tomo Yamamoto by Tomo Yamamoto
Thu 19 Sep 2019 at 05:05
Gateway to Japan

Huis Ten Bosch, the proposed site for a Nagasaki IR.

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Nagasaki has taken another step forward in its quest for an IR with Sasebo city and Dutch-inspired theme park Huis Ten Bosch agreeing to a selling price of JPY20.5 billion (US$189 million) for a plot of land singled out as the future IR site.

After consulting with the city council, the city and Huis Ten Bosch plan to conclude a pledge agreement for sale before the end of the year, according to the Nikkei.

The candidate site covers 30 hectares on the Huis Ten Bosch property, which houses overnight accommodation facilities such as Hotel Europe.

If the bid is successful, rights to the sale contract will transfer from Sasebo city to the IR operator, so there will be no financial burden on the city. Huis Ten Bosch, Nagasaki prefecture and Sasebo city have a basic agreement to sell the land on the theme park’s property.

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Tomo Yamamoto

Tomo Yamamoto

Born in Okayama, Japan in 1964, Tomo has covered horse racing, professional baseball, golf, boxing and more in his role as a sports writer. He first encountered casinos before Macau was returned to China in 1999. He has traveled to South Korea and Manila to cover events and scope out the local scene. He has studyied “How to get along with casinos,” a topic he learned of from Osaka University of Commerce.

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