{"id":30976,"date":"2022-06-21T03:12:22","date_gmt":"2022-06-21T06:12:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30976"},"modified":"2026-04-23T07:36:30","modified_gmt":"2026-04-23T10:36:30","slug":"mgm-expects-news-on-osaka-ir-licence-by-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-expects-news-on-osaka-ir-licence-by-september","title":{"rendered":"MGM expects news on Osaka IR licence by September"},"content":{"rendered":"\n

Jonathan Halkyard, MGM’s chief financial officer, said the company hopes to start work in early 2023.<\/p>\n\n\n\n\n\n\n\n

Japan.- MGM expects to have news on its integrated resort application in Japan as soon as September.<\/p>\n\n\n\n

The period for IR applications in Japan<\/a> closed in April with only Osaka and Nagasaki submitting bids.<\/p>\n\n\n\n

MGM Resorts International <\/strong>is part of a consortium with ORIX that was\u00a0selected as Osaka’s IR partner<\/a> for its bid.\u00a0MGM-Orix\u00a0has proposed to invest\u00a0JPY1tn (US$9.1bn).<\/p>\n\n\n\n

Jonathan Halkyard, MGM’s chief financial officer, pointed out: \u201cWe would expect to be awarded a licence in the fall. We would then be underway as we get into 2023.”<\/p>\n\n\n\n

He added: “The company will wait until things are a bit more advanced before getting into the specifics about the project\u2019s cost and programme.” <\/p>\n\n\n\n

Japan highlights importance of IRs to tourism reactivation<\/h2>\n\n\n\n

As previously reported by Focus Gaming News, a Japanese government paper \u2013 \u201cBasic Policy on Economic and Fiscal Management and Reform 2022\u201d \u2013 highlights the importance of integrated resorts to the country. It says the construction of IRs responds to a need to reactivate tourism after the Covid-19 pandemic, which has paralysed the sector for two years.<\/p>\n\n\n\n

The document reaffirms the commitment of authorities to vigorously promote the development of IRs and the regulation of casinos. However, the first resorts are unlikely to start operating until the end of the current decade<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jonathan Halkyard, MGM’s chief financial officer, said the company hopes to start work in early 2023.<\/p>\n","protected":false},"author":176,"featured_media":19199,"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 Resorts International anticipates news on its Japan integrated resort application by September, with a license expected in the fall and construction commencing in early 2023. Partnering with ORIX for the Osaka bid, the consortium proposes a JPY1tn investment, aligning with Japan's strategic initiative to leverage IRs for post-pandemic tourism reactivation and economic stimulus.","focusai_entities":"MGM, ORIX, Jonathan Halkyard, MGM Resorts International","focusai_location":"Japan, Osaka, Nagasaki","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Project Cost Breakdown","query":"What specific components of the JPY1tn investment are allocated to gaming infrastructure, non-gaming amenities, and operational setup, and how does this compare to other major IR developments globally?"},{"label":"Regulatory Compliance Challenges","query":"Given Japan's stringent regulatory environment, what are the anticipated key compliance challenges for MGM-Orix regarding responsible gambling, AML, and data privacy, and what governance frameworks will be implemented?"}],"footnotes":""},"categories":[157,16338],"tags":[16615],"class_list":["post-30976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-mgm-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30976","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=30976"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30976\/revisions"}],"predecessor-version":[{"id":31001,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30976\/revisions\/31001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19199"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}