{"id":24256,"date":"2021-11-05T08:24:21","date_gmt":"2021-11-05T11:24:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24256"},"modified":"2026-04-23T14:06:39","modified_gmt":"2026-04-23T17:06:39","slug":"orix-unveils-partnership-agreement-with-mgm-for-osaka-ir-development","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/orix-unveils-partnership-agreement-with-mgm-for-osaka-ir-development","title":{"rendered":"Orix unveils partnership agreement with MGM for Osaka IR development"},"content":{"rendered":"\n<p>Hitomaro Yano, executive officer at Orix, has revealed that Orix and MGM will each hold 40 per cent equity in the proposed IR.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- In September, Osaka Prefecture selected\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/osaka-announces-mgm-orix-as-ir-partner\">MGM-Orix as its partner for its IR bid<\/a>. Now, Hitomaro Yano, executive officer at Orix, has revealed details of a partnership agreement between the company and MGM Resorts. The companies will each hold 40 per cent equity in the scheme while a group of other companies will hold 20 per cent.<\/p>\n\n\n\n<p>Around 20 firms from the surrounding Kansai region have agreed to take an equity stake in the consortium that will develop the planned resort. Orix has slated a total investment of <strong>JPY1tn (US$9.1bn)<\/strong> in the IR.<\/p>\n\n\n\n<p>Speaking to Bloomberg, Yano said Orix&#8217;s initial investment would be nearly JPY200bn (US$1.76bn). He said half the total cost of the integrated resort would be funded by non-recourse loans.<\/p>\n\n\n\n<p>Osaka Prefecture is expected to submit its\u00a0<strong>IR development plan to the national government in April 2022<\/strong>. In July,\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-orix-osaka-ir-would-launch-no-earlier-than-2028\">MGM-Orix<\/a>\u00a0confirmed that the resort would not launch until at least 2028, and possibly not until 2030.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MGM-Orix could benefit from Japan election results<\/h2>\n\n\n\n<p>Analysts believe the results of Japan\u2019s 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.<\/p>\n\n\n\n<p>The elections gave a victory to&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/japans-next-prime-minister-in-favour-of-ir-developments\" rel=\"noreferrer noopener\">Fumio Kishida<\/a>, Japan\u2019s prime minister as of October 4, and his Liberal Democratic Party, but Osaka\u2019s 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<p>Industry executive&nbsp;<strong>Daniel Cheng stated<\/strong>: \u201cIf 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<strong>&nbsp;Bill Hornbuckle can start heating up the grill in his backyard&nbsp;<\/strong>and invite his ORIX partners for an early celebration barbecue.\u201d<\/p>\n\n\n\n<p>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","protected":false},"excerpt":{"rendered":"<p>Hitomaro Yano, executive officer at Orix, has revealed that Orix and MGM will each hold 40 per cent equity in the proposed IR.<\/p>\n","protected":false},"author":176,"featured_media":13232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Orix and MGM Resorts have finalized an equity structure for the proposed Osaka Integrated Resort, with each holding 40% and Kansai region firms comprising the remaining 20% of the JPY1tn investment. The project, slated for a 2028-2030 launch, is expected to benefit from recent Japanese election results, particularly the strong performance of Osaka's Ishin To party, enhancing the consortium's licensing prospects.","focusai_entities":"Hitomaro Yano, Orix, MGM Resorts, MGM-Orix, Fumio Kishida, Liberal Democratic Party, Ishin To party, Daniel Cheng, Bill Hornbuckle, Governor Koike","focusai_location":"Japan, Osaka Prefecture, Kansai region, Osaka","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Funding Structure Implications","query":"How will the 50% non-recourse loan funding impact the consortium's financial risk profile and future capital allocation strategies for other global projects?"},{"label":"Political Landscape Impact","query":"Given the Ishin To party's gains, what specific policy or regulatory accelerations can the MGM-Orix consortium anticipate from the Osaka Prefecture government regarding the IR development plan?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632,16615,24020],"class_list":["post-24256","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","tag-mgm-orix"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24256","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=24256"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24256\/revisions"}],"predecessor-version":[{"id":24291,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24256\/revisions\/24291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13232"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}