{"id":25853,"date":"2021-12-22T11:37:41","date_gmt":"2021-12-22T14:37:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25853"},"modified":"2026-04-23T12:41:32","modified_gmt":"2026-04-23T15:41:32","slug":"osakas-ir-project-backed-by-20-major-companies","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/osakas-ir-project-backed-by-20-major-companies","title":{"rendered":"Osaka’s IR project backed by 20 major companies"},"content":{"rendered":"\n

Osaka Prefecture has revealed that plans to develop an integrated resort will be backed by 20 major companies.<\/p>\n\n\n\n\n\n\n\n

Japan.- According to the Osaka Prefecture, its planned IR development will be backed by 20 major companies including Panasonic Corp., Suntory Holdings Ltd. and West Japan Railway Co.<\/p>\n\n\n\n

The prefecture’s operator partner, the\u00a0MGM-Orix<\/strong>\u00a0consortium has proposed to invest\u00a0JPY1tn (US$9.1bn)<\/strong> in the planned IR proposed for an artificial island, named Dream Island, in Osaka Bay. According to the plan,\u00a0the city will need to assume approximately JPY79bn (US$692m) for soil improvement measures<\/strong>, including site purification and soil liquefaction control measures.<\/p>\n\n\n\n

The prefecture has said that the MGM-Orix integrated resort development<\/a>\u00a0could generate JPY430bn (US$3.87bn) in annual gaming sales and JPY110bn non-gaming sales. Authorities expect it would attract 20.5 million visitors per year, of which 14 million would be domestic tourists and 6 million foreigners.<\/p>\n\n\n\n

The Asahi Shimbun reported part of the income will be used for measures to fight gambling addiction and the establishment of a police station on Dream Island. Osaka Prefecture is expected to submit its\u00a0IR development plan to the national government in April 2022<\/strong>. The target opening date for the IR has been pushed back to 2029.<\/p>\n","protected":false},"excerpt":{"rendered":"

Osaka Prefecture has revealed that plans to develop an integrated resort will be backed by 20 major companies.<\/p>\n","protected":false},"author":176,"featured_media":25862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Osaka Prefecture's integrated resort development, backed by 20 major corporations including Panasonic and Suntory, is progressing with the MGM-Orix consortium proposing a JPY1tn investment. The project, targeting a 2029 opening, projects significant annual gaming and non-gaming revenues, alongside substantial visitor numbers. Public funding for site remediation and measures for responsible gambling are also outlined.","focusai_entities":"Osaka Prefecture, Panasonic Corp., Suntory Holdings Ltd., West Japan Railway Co., MGM-Orix consortium, MGM, Orix, Asahi Shimbun","focusai_location":"Japan, Osaka Prefecture, Osaka, Osaka Bay, Dream Island","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IR Funding Structure","query":"What are the specific terms and conditions of the JPY79bn public funding commitment for soil improvement, and how will this impact the overall financial governance framework of the Osaka IR project?"},{"label":"Regulatory Approval Timeline","query":"Given the April 2022 submission target, what are the anticipated key milestones and potential regulatory hurdles for the national government's approval of Osaka's IR development plan, and how might this affect the 2029 opening?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632],"class_list":["post-25853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25853","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=25853"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25853\/revisions"}],"predecessor-version":[{"id":25868,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25853\/revisions\/25868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25862"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}