MGM-Orix consortium selected as the only applicant to develop a new integrated resort in Osaka.<\/p>\n\n\n\n\n\n\n\n
Japan.- The MGM-Orix consortium has been selected as the sole qualified applicant for the Osaka Yumshima integrated resort, according to the Osaka Prefectural Government.<\/p>\n\n\n\n
Galaxy Entertainment and Genting Singapore were also in the Osaka race, but MGM has emerged as the region’s preferred gambling operator partner should it secure one of three IR licences on offer. <\/p>\n\n\n\n
Osaka Governor Hirofumi Yoshimura explained to reporters that the other operators in the race chose to focus on Yokohama with its larger economy.<\/p>\n\n\n\n
Indeed, Genting announced that Yokohama was now the focus of its IR interests in Japan.<\/p>\n\n\n\n
Osaka expects to make a final decision in June, according to local press.<\/p>\n\n\n\n
The announcement comes amid growing opposition to the government’s plans to build IRs in the country, with a recent poll showing more than 60% of Japanese people were against the plans.
<\/p>\n","protected":false},"excerpt":{"rendered":"
MGM-Orix consortium selected as the only applicant to develop a new integrated resort in Osaka.<\/p>\n","protected":false},"author":2,"featured_media":3547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The MGM-Orix consortium has been selected as the sole qualified applicant for the Osaka Yumshima integrated resort, positioning them as the preferred gambling operator partner for one of Japan's three IR licenses. This development follows other major operators, Galaxy Entertainment and Genting Singapore, shifting their focus to the Yokohama market. The announcement occurs amidst significant public opposition, with over 60% of Japanese citizens reportedly against the government's IR plans.","focusai_entities":"MGM-Orix consortium, MGM, Orix, Osaka Prefectural Government, Galaxy Entertainment, Genting Singapore, Hirofumi Yoshimura","focusai_location":"Japan, Osaka, Yokohama, Yumshima","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Osaka IR Financials?","query":"What are the projected capital expenditure, GGR forecasts, and NGR contribution expected from the MGM-Orix Osaka integrated resort, and how do these align with the consortium's financial commitments?"},{"label":"Public Opposition Mitigation?","query":"What specific governance frameworks and community engagement strategies will the MGM-Orix consortium implement to mitigate the significant public opposition to IR development and ensure long-term social license to operate?"}],"footnotes":""},"categories":[160,157,16338,158],"tags":[473,470,1616,707,2131],"class_list":["post-3543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","category-slider-home","tag-ir","tag-japan","tag-mgm","tag-osaka","tag-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3543","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3543"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3543\/revisions"}],"predecessor-version":[{"id":3570,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3543\/revisions\/3570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3547"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}