Osaka’s IR plan will be the first approval for a casino in Japan.<\/p>\n\n\n\n\n\n\n\n
Japan.- It’s expected that prime minister Fumio Kishida<\/strong> and relevant ministers will approve Osaka’s integrated resorts plans at a task force meeting on Friday (April 14). It will be the first approval for a casino resort in Japan.<\/p>\n\n\n\n Osaka has bid to host an integrated resort with MGM Resorts International and ORIX as its IR partner<\/a>. MGM-Orix has proposed to invest JPY1.08tn (US$8.38bn) with a target opening date is 2029. <\/p>\n\n\n\n The proposal includes three hotels<\/strong> providing approximately 2,500 rooms, a MICE facility measuring 68,000 square meters, a 3,500-seat theatre and various Japanese cultural experiences and retail facilities. It would employ about 15,000 people.<\/p>\n\n\n\n It is expected to attract around 20 million visitors annually <\/strong>and bring JPY1.14tn (US$8.5bn) in annual economic benefits to the western Japan region centring on the prefecture.<\/p>\n\n\n\n See also:<\/strong> Osaka: pro-IR governor wins re-election<\/a><\/p>\n\n\n\n The only other region to apply for permission to build an integrated resort by the April 2022 deadline for the first round of gaming liberalisation was Nagasaki. However, it’s been reported that a decision on its IR District Development Plan is likely to come at a later date <\/strong>as the government task force needs more time to assess further details. <\/p>\n\n\n\n There have been questions about funding for the project since Credit Suisse Group <\/strong>had been cited as one of several potential \u201cfinancial arrangers\u201d.<\/p>\n\n\n\n Nagasaki chose Casinos Austria International Japan Inc<\/strong> as its partner for its bid<\/a> and expects its IR to open in 2027. The planned cost for the development of the IR is JPY438.3bn (US$3.8bn)<\/a>, including JPY175.3bn in equity costs.<\/p>\n","protected":false},"excerpt":{"rendered":" Osaka’s IR plan will be the first approval for a casino in Japan.<\/p>\n","protected":false},"author":176,"featured_media":20095,"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 integrated resort plan, a joint venture between MGM Resorts International and ORIX, is poised for approval, marking Japan's inaugural casino resort with a targeted 2029 opening and significant economic projections. Concurrently, the decision on Nagasaki's IR bid, partnered with Casinos Austria International Japan Inc, faces delays due to ongoing financial assessment.","focusai_entities":"Fumio Kishida, MGM Resorts International, ORIX, Credit Suisse Group, Casinos Austria International Japan Inc, Casinos Austria International","focusai_location":"Japan, Osaka, Nagasaki","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Osaka IR: Funding Structure?","query":"What specific debt-to-equity ratios and financing instruments are being utilized for the JPY1.08tn Osaka IR project, and what are the implications for the financial leverage of MGM Resorts International and ORIX?"},{"label":"Regulatory Compliance Framework?","query":"Beyond initial approval, what are the anticipated ongoing regulatory compliance requirements, particularly concerning responsible gambling, AML, and B2C licensing, that the Osaka IR will need to adhere to under Japan's governance framework?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632],"class_list":["post-777004220","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\/777004220","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=777004220"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004220\/revisions"}],"predecessor-version":[{"id":777004250,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004220\/revisions\/777004250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20095"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Nagasaki casino resort<\/h2>\n\n\n\n