{"id":20529,"date":"2021-07-21T16:06:33","date_gmt":"2021-07-21T16:06:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20529"},"modified":"2026-04-23T17:23:12","modified_gmt":"2026-04-23T20:23:12","slug":"mgm-orix-osaka-ir-would-launch-no-earlier-than-2028","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-orix-osaka-ir-would-launch-no-earlier-than-2028","title":{"rendered":"MGM-Orix: Osaka IR would launch no earlier than 2028"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">MGM-Orix have confirmed that their planned Osaka IR would not open before 2028, and possibly only in 2030.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Japan.-\u00a0<strong>MGM Resorts International and ORIX (MGM-Orix)\u00a0<\/strong>have officially submitted their\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-orix-to-invest-us9-1bn-in-osaka-ir\">IR proposal<\/a>\u00a0to the Osaka Prefecture and has confirmed that the resort would not launch until at least 2028, and possibly not until 2030.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the\u00a0<strong>request-for-proposal (RFP) received by the Osaka Prefecture<\/strong>, around 20 firms from the surrounding Kansai region have agreed to take an equity stake in the consortium that will develop the planned resort.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MGM-Orix<\/strong>\u00a0has proposed to invest <strong>JPY1tn (US$9.1bn). <\/strong>Authorities are expected to approve the company as a private partner for Osaka&#8217;s IR bid in September. The Osaka Prefecture is expected to submit its\u00a0<strong>IR development plan to the national government in April 2022<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Osaka had wanted its operators to add more MICE facilities\u00a0<\/strong>beyond the requirements of national legislation but, according to\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/japan-irs-only-two-likely-to-be-built-bill-hornbuckle-says\">Bill Hornbuckle<\/a>, MGM president and CEO, the company\u2019s IR<strong>\u00a0may have less MICE space<\/strong>\u00a0and fewer hotel rooms than expected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM-Orix have confirmed that their planned Osaka IR would not open before 2028, and possibly only in 2030.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 has confirmed its Osaka Integrated Resort (IR) will not launch before 2028, potentially extending to 2030, following the submission of their JPY1tn (US$9.1bn) proposal to the Osaka Prefecture. The consortium, which includes around 20 Kansai region firms, also indicated a potential reduction in MICE and hotel room capacity compared to initial expectations.","focusai_entities":"MGM Resorts International, ORIX, MGM-Orix, Bill Hornbuckle","focusai_location":"Japan, Osaka, Kansai","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Deployment Impact","query":"How will the extended development timeline for the Osaka IR affect MGM-Orix's capital deployment schedule and the projected internal rate of return (IRR) for the JPY1tn investment?"},{"label":"MICE Strategy Reassessment","query":"What strategic considerations led to the potential reduction in MICE and hotel room capacity for the Osaka IR, and how might this alter its competitive positioning against other regional integrated resorts?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23632,1616],"class_list":["post-20529","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-integrated-resorts","tag-mgm"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20529","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=20529"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20529\/revisions"}],"predecessor-version":[{"id":20551,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20529\/revisions\/20551"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}