{"id":6798,"date":"2020-05-27T11:21:35","date_gmt":"2020-05-27T11:21:35","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=6798"},"modified":"2026-04-24T04:55:20","modified_gmt":"2026-04-24T07:55:20","slug":"osaka-ir-investment-japan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/osaka-ir-investment-japan","title":{"rendered":"Osaka may need to downsize IR investment plans"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ken Furuichi, the Managing Director of Kansai Association of Corporate Executives, says a reassessment may be required. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Japan.- Investment plans for an integrated resort (IR) in Osaka may need to be altered to adjust for the financial impact of Covid-19.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That&#8217;s according to Ken Furuichi, the Managing Director of Kansai Association of Corporate Executives, who told the\u00a0Mainichi Shimbun\u00a0that the pandemic may change the world forever with governments and businesses needing to adjust for turbulent finances. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He said: &#8220;In a post-Coronavirus world, we will have to reassess things to see if they can be realised in their current form.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MGM Resorts is currently the sole-bidder for Osaka&#8217;s IR, with acting CEO William Hornbuckle confirming earlier in May that <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/ir-bid-mgm-osaka\">its bid is still on the agenda<\/a><\/em><\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Osaka, and indeed the rest of Japan, is readjusting to normal life, with state of emergency orders lifted in prefectures earlier this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ken Furuichi, the Managing Director of Kansai Association of Corporate Executives, says a reassessment may be required.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Investment plans for the integrated resort (IR) in Osaka may require reassessment due to the financial impact of Covid-19, as indicated by Ken Furuichi of the Kansai Association of Corporate Executives. Despite this, MGM Resorts, the sole bidder, has reaffirmed its commitment to the project. This development signals potential adjustments to project timelines or financial structures within Japan's nascent IR development landscape.","focusai_entities":"Ken Furuichi, Kansai Association of Corporate Executives, Mainichi Shimbun, MGM Resorts, William Hornbuckle","focusai_location":"Japan, Osaka","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IR Financial Adjustments","query":"What specific financial adjustments or revised capital expenditure projections are being considered for the Osaka IR project in light of post-Covid economic conditions?"},{"label":"MGM Osaka Timeline","query":"How might the proposed reassessment impact MGM Resorts' projected timeline for the Osaka IR development and its overall strategic investment in the Japanese market?"}],"footnotes":""},"categories":[28,161,16338,158],"tags":[473,470,707],"class_list":["post-6798","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-daily-news","category-east-asia-news","category-slider-home","tag-ir","tag-japan","tag-osaka"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6798","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=6798"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6798\/revisions"}],"predecessor-version":[{"id":20022,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6798\/revisions\/20022"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}