{"id":24173,"date":"2021-11-03T09:19:45","date_gmt":"2021-11-03T12:19:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24173"},"modified":"2026-04-23T14:12:09","modified_gmt":"2026-04-23T17:12:09","slug":"mgm-orix-could-benefit-from-japan-election-results","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-orix-could-benefit-from-japan-election-results","title":{"rendered":"MGM-Orix could benefit from Japan election results"},"content":{"rendered":"\n

Analysts stated the result of Japan’s general elections is positive for the country’s plan to encourage IR developments, especially for the MGM-Orix consortium in Osaka.<\/p>\n\n\n\n\n\n\n\n

Japan.- Analysts believe the results of Japan’s general elections last weekend could be positive news for the country\u2019s integrated resort plans, especially for Osaka Prefecture and its partner, the MGM-Orix consortium<\/a>. <\/p>\n\n\n\n

The elections gave a victory to Fumio Kishida<\/a>, Japan\u2019s prime minister as of October 4, and his Liberal Democratic Party, but Osaka’s right-wing Ishin To party made big gains, going from 11 to 41 seats to become the third-largest party in the country. In Osaka, the party completely expelled the Liberal Democratic Party.<\/p>\n\n\n\n

Industry executive Daniel Cheng stated<\/strong>: “If Osaka was already the firm favourite prior to the election, it is even more certain now that they will bring the licence bacon home and Bill Hornbuckle can start heating up the grill in his backyard <\/strong>and invite his ORIX partners for an early celebration barbecue.”<\/p>\n\n\n\n

In the capital, the ruling party has lost some advantage to opposition but it would be unlikely to upset a possible IR bid from Governor Koike.<\/p>\n\n\n\n

Cheng added, “the road looks clear for the continuation in the ongoing six-month host bid submission.” Host cities and prefectures have until April 2022<\/a> to forward their final integrated resort proposals. <\/p>\n\n\n\n

There are currently only three cities expected to bid for them: <\/strong>Nagasaki, Osaka and Wakayama. All three could be chosen; however, it is possible that the public authority picks only one or two, or even none.<\/p>\n\n\n\n

MGM-Orix IR expects US$3.87bn in annual gaming sales<\/h2>\n\n\n\n

According to the Osaka Prefecture, the planned MGM-Orix integrated resort development<\/a> could generate JPY430bn (US$3.87bn) in annual gaming sales and JPY110bn non-gaming sales.<\/p>\n\n\n\n

The MGM-Orix<\/strong> consortium had proposed to invest JPY1tn (US$9.1bn) <\/strong>and expects to welcome 20.5 million visitors per year. Osaka Prefecture is expected to submit its IR development plan to the national government in April 2022<\/strong>.<\/p>\n\n\n\n

The target opening date for the IR has been pushed back to sometime between 2028 and 2030. <\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts stated the result of Japan’s general elections is positive for the country’s plan to encourage IR developments, especially for the MGM-Orix consortium in Osaka.<\/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":"Japan's general election results are viewed positively for the country's Integrated Resort (IR) development plans, particularly strengthening the MGM-Orix consortium's bid in Osaka. The increased political stability and local party gains in Osaka enhance the likelihood of its IR license approval, with an expected JPY1tn investment and significant annual gaming and non-gaming revenues projected. The target opening date for the Osaka IR has been adjusted to between 2028 and 2030.","focusai_entities":"MGM-Orix consortium, Fumio Kishida, Liberal Democratic Party, Ishin To party, Daniel Cheng, Bill Hornbuckle, ORIX, Governor Koike","focusai_location":"Japan, Osaka, Nagasaki, Wakayama","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Bid Regulatory Path","query":"What specific regulatory and legislative milestones must the Osaka Prefecture and MGM-Orix consortium achieve between now and the April 2022 submission deadline to secure national government approval for their IR development plan?"},{"label":"Competitive IR Landscape","query":"How might the strengthened political position of the Ishin To party in Osaka influence the national government's decision regarding the allocation of multiple IR licenses, potentially impacting bids from Nagasaki and Wakayama?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632,16615],"class_list":["post-24173","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\/24173","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=24173"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24173\/revisions"}],"predecessor-version":[{"id":24202,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24173\/revisions\/24202"}],"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=24173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}