New details emerge on N.J. land lease deal for Nintendo

NEW YORK (Reuters) – A New Jersey land lease agreement for Nintendo Inc would give the gaming company a piece of New Jersey farmland in exchange for a large parcel of land, according to a filing with the New Jersey state legislature.

In a statement on Tuesday, Nintendo said it had “significant interest” in buying the 2.2-acre (1.5-hectare) site at East Meadow, which has a long history of gaming, including a casino that opened in 1984 and later closed.

The land is valued at $1.8 billion, according a January filing with New Jersey’s public records office.

Nintendo is looking to buy the property for as much as $1 billion.

Nintendo also said it has other potential interests in the property.

Nintendo and New Jersey officials did not immediately respond to a request for comment on the filing.

The land is not currently occupied by any developers, and the land’s potential use is unknown, said the filing, which was provided to Reuters by a representative for the company.

A company representative did not respond to requests for comment.

The filing does not specify what kinds of games Nintendo would like to play in the land, but the company said in a January letter to New Jersey Governor Chris Christie that it has an interest in “creating a vibrant and vibrant gaming experience in the state.”

In addition to gaming, Nintendo has interests in food processing, aerospace, and automotive.

The company also owns a large property in Jersey City, New Jersey, that could be used to build a new airport or housing developments, according the filing with Christie’s office.

Nintendo is the world’s largest video game publisher and the third-largest videogame maker in the United States after Electronic Arts Inc and Activision Blizzard Inc.

Nintendo has about 80 million registered users worldwide, according Toei Animation Holdings Inc, and about a third of its revenue comes from its digital business, which sells digital content for games.