The Nagasaki theme park is tipped to be an IR location

The Nagasaki theme park is tipped to be an IR location

The promoter of the Huis Ten Bosch theme park in Sasebo City, Nagasaki prefecture, is considering the sale of the complex to a Hong Kong investment fund, according to local media reports. The potential suitor has not been identified.

The operator of the Huis Ten Bosch amusement park and the governments of Nagasaki Prefecture and Sasebo City have agreed to designate a portion of the park as a candidate site for an integrated resort.

The Huis Ten Bosch theme park is operated by a subsidiary of a Japanese company. The facility replicates famous buildings and architecture from the Netherlands, but in a semi-rural Japanese setting.

The IR District Development Plans were submitted to the national government by Osaka and Nagasaki prefectures in time for the April 28 deadline. They were the only ones who made bids to host casino resorts. According to Japanese media reports, the national government might respond to the applications by the autumn.

The theme park is controlled by Huis Ten Bosch Co, according to The Asahi Shimbun. According to the sources quoted by the media outlet, Kyushu Electric Power Co, Saibu Gas Co and other shareholders of the theme park are likely to sell their holdings.

The net loss for the second year in a row was posted by Huis Ten Bosch.

Summary:

The promoter of the Huis Ten Bosch theme park in Sasebo City, part of Nagasaki prefecture, is mulling the sale of the complex to a Hong Kong investment fund, according to local media reports. The potential suitor has not been identified. In 2019, the operator of Huis Ten Bosch and the governments of Nagasaki Prefecture and Sasebo City announced an agreement to designate part of the park as a candidate site for an integrated resort.