Nagasaki IR Contenders Cannot Participate in Similar Bids Elsewhere in Japan

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nagasaki-ir-contenders-cannot-participate-in-similar-bids-elsewhere-in-japan

Nagasaki IR Contenders Cannot Participate in Similar Bids Elsewhere in Japan
Nagasaki IR Contenders Cannot Participate in Similar Bids Elsewhere in JapanReading Time: < 1 minute

 

The Nagasaki authorities have confirmed that investors in entities that have qualified for the next phase of the prefecture’s RFP process will not be allowed to participate in similar bidding processes elsewhere in Japan.

The prefectural authorities in Nagasaki announced last week that Oshidori International Holdings Ltd, Casinos Austria International Japan and the Niki Chau Fwu (Parkview) Group are the three private-sector entities qualified for the next phase of the prefecture’s RFP process regarding a casino complex or integrated resort (IR).

The next stage involves what is termed “competitive dialogue” with would-be partners. A “probity test” on these private-sector entities is due to be held in May, according to that prefecture’s “IR development and operation public tender requirements.”

June has been identified by Nagasaki as the “tentative” time for bidders to submit the required documents for the second-round evaluation; while August has been earmarked for project presentations by the contenders.

Nagasaki’s tender documents state that after submission of documents in June 2021 for the second-round evaluation of the RFP process, “any investing company that will hold a 5 percent or more share” in the applicant’s entity that will develop and operate an IR in Nagasaki, “cannot be an investing company for another concurrent bid in a different IR development and operation public tender in Japan.”

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