Another contender is stepping up for one of the exclusive Japanese Integrated Resort (IR) licenses. Get Nice Holdings Ltd announced on Wednesday that its Genius Wise Holdings Ltd had partnered with Shotoku Rinaldo Corp to develop an IR project.
To seal the deal, Get Nice has granted share options worth HKD75.3 million (US$9.6 million) to three people involved with Sotoku Rinaldo.
GGRAsia reports this project is aimed at the Makinorhara-shi municipality, just southwest of Tokyo and Yokohama. If it pushes through, they plan to build hotels, casinos, restaurants, shops, entertainment facilities and convention centers, covering 400,000 square meters of floor area. The filing points out that they are the first to propose an IR for this part of the country.
Taking a similar approach to Kamori Kanko’s bid for an Hokkaido IR, Get Nice is boasting that the partnership gives them local credibility. “Shotoku Rinaldo Corp and its beneficial owners have long been conducting business in Japan engaged in healthcare, medical equipment [and] agricultural products as well as gaming related business in Asia,” the company said in the announcement.