{"id":20423,"date":"2021-07-19T16:19:14","date_gmt":"2021-07-19T16:19:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20423"},"modified":"2026-04-23T17:28:59","modified_gmt":"2026-04-23T20:28:59","slug":"mgm-orix-to-invest-us9-1bn-in-osaka-ir","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-orix-to-invest-us9-1bn-in-osaka-ir","title":{"rendered":"MGM-Orix to invest US$9.1bn in Osaka IR"},"content":{"rendered":"\n<p>MGM-Orix, the only contender in Osaka\u2019s IR tender, intends to invest nearly US$9.1bn in the development of the integrated resort.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.-\u00a0<strong>MGM Resorts International and ORIX (MGM-Orix)\u00a0<\/strong>will officially submit their IR proposal to the Osaka Prefecture on July 20. <\/p>\n\n\n\n<p>According to local media reports, it will propose a JPY1tn (US$9.1bn) investment. The figure is less than originally planned.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/osaka-confirms-contenders-to-join-ir-bid\">The other companies<\/a>\u00a0originally involved in Osaka&#8217;s request-for-proposal (RFP) process \u2013 Galaxy Entertainment Group, Genting Singapore, Melco Resorts, Sega Sammy Holdings and Shotoku Corp \u2013 all withdrew from the process.<\/p>\n\n\n\n<p>The target opening date for the IR has been pushed back to sometime between 2028 and 2030. The Osaka government had asked\u00a0<strong>potential contenders to assume the costs of extending the Osaka Metro<\/strong>\u00a0line to the site, but authorities were afraid\u00a0that as the only bidder <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/osaka-worried-about-future-of-ir-development\">MGM-Orix<\/a>\u00a0could renegotiate conditions.<\/p>\n\n\n\n<p><strong>Osaka also wanted its operators to add more MICE facilities&nbsp;<\/strong>beyond the requirements of national legislation but, according to&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/japan-irs-only-two-likely-to-be-built-bill-hornbuckle-says\" rel=\"noreferrer noopener\">Bill Hornbuckle<\/a>, MGM president and CEO, the company&#8217;s IR<strong>&nbsp;may have less MICE space<\/strong>&nbsp;and fewer hotel rooms than expected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM-Orix, the only contender in Osaka\u2019s IR tender, intends to invest nearly US$9.1bn in the development of the integrated resort.<\/p>\n","protected":false},"author":176,"featured_media":20442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM-Orix is set to submit its US$9.1bn Integrated Resort (IR) proposal for Osaka, Japan, as the sole remaining bidder. The investment figure is less than initially planned, and the target opening has been delayed to 2028-2030, with potential reductions in MICE facilities and hotel rooms due to the lack of competition and local government demands.","focusai_entities":"MGM Resorts International, ORIX, MGM-Orix, Galaxy Entertainment Group, Genting Singapore, Melco Resorts, Sega Sammy Holdings, Shotoku Corp, Bill Hornbuckle, Osaka Prefecture, Osaka government","focusai_location":"Japan, Osaka","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IR Project Viability?","query":"Given the reduced investment and scope, coupled with the extended timeline, what are the revised financial projections and long-term viability assessments for the Osaka IR project for MGM-Orix?"},{"label":"Regulatory Concessions?","query":"How will the Osaka Prefecture and national government address the potential for MGM-Orix to renegotiate previously stipulated conditions, such as MICE facility requirements and infrastructure contributions, given its sole bidder status?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632,16615],"class_list":["post-20423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resorts","tag-mgm-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=20423"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20423\/revisions"}],"predecessor-version":[{"id":20456,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20423\/revisions\/20456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20442"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}