{"id":27190,"date":"2022-02-11T07:50:41","date_gmt":"2022-02-11T10:50:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27190"},"modified":"2026-04-23T11:24:09","modified_gmt":"2026-04-23T14:24:09","slug":"osaka-votes-against-allowing-ir-referendum","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/osaka-votes-against-allowing-ir-referendum","title":{"rendered":"Osaka votes against allowing IR referendum"},"content":{"rendered":"\n

Osaka’s city council has voted against the possibility of allowing a referendum on the development of an integrated resort in the city.<\/p>\n\n\n\n\n\n\n\n

Japan.-\u00a0Authorities in Osaka<\/a>\u00a0have finally\u00a0refused to call for a public referendum\u00a0<\/strong>on whether or not to allow proposals for an integrated resort in the city. The request for a referendum was made by the Liberal Democratic Party (LDP), but 58 of the 83-seat council voted against the draft ordinance.\u00a0<\/p>\n\n\n\n

Osaka City Council and Osaka Prefecture are now due to vote on the prefecture\u2019s draft District Development Plan, which includes an integrated resort, at their regular meetings which will run until late March.<\/p>\n\n\n\n

Osaka’s draft plan to open a casino resort in the metropolis has set a target opening date of fall or winter 2029. The Osaka government plans to submit its proposal to the national government in April.<\/p>\n\n\n\n

The prefecture\u2019s operator partner, the MGM-Orix<\/strong> consortium has proposed to invest JPY1tn (US$9.1bn)<\/strong> in the planned IR proposed for an artificial island, named Dream Island, in Osaka Bay. According to the plan, the city will need to assume approximately JPY79bn (US$692m) for soil improvement measures, including site purification and soil liquefaction control measures.<\/p>\n\n\n\n

As Focus Gaming News reported<\/a>, the IR development will be backed by 20 major companies including Panasonic Corp., Suntory Holdings Ltd. and West Japan Railway Co. According to Osaka\u2019s draft document, the casino venue could have an aggregate of 470 table games and 6,400 electronic gaming machines.<\/p>\n","protected":false},"excerpt":{"rendered":"

Osaka’s city council has voted against the possibility of allowing a referendum on the development of an integrated resort in the city.<\/p>\n","protected":false},"author":176,"featured_media":11734,"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's city council has rejected a public referendum on the proposed integrated resort, signaling continued progress for the JPY1tn MGM-Orix consortium project. This decision clears a local political hurdle, with the Osaka government now preparing to submit its District Development Plan to the national government in April, targeting a Fall\/Winter 2029 opening.","focusai_entities":"Osaka City Council, Osaka Prefecture, Liberal Democratic Party (LDP), MGM-Orix consortium, Panasonic Corp., Suntory Holdings Ltd., West Japan Railway Co.","focusai_location":"Osaka, Japan, Dream Island","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.98), investor_analyst (0.97), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"National Gov't Approval?","query":"What specific criteria will the national government apply when evaluating Osaka's District Development Plan, and what is the projected timeline for their final approval or rejection, considering the broader regulatory compliance landscape?"},{"label":"IR Project Financing?","query":"Given the JPY1tn investment, what are the detailed financing structures and equity contributions from the MGM-Orix consortium and its 20 corporate backers, particularly concerning the JPY79bn city contribution for soil improvement and its impact on project IRR?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632],"class_list":["post-27190","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\/27190","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=27190"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27190\/revisions"}],"predecessor-version":[{"id":27220,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27190\/revisions\/27220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11734"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}