{"id":777011993,"date":"2023-12-19T11:39:04","date_gmt":"2023-12-19T14:39:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011993"},"modified":"2026-04-22T14:34:50","modified_gmt":"2026-04-22T17:34:50","slug":"osaka-targets-20-million-visitors-a-year-after-ir-opening","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/osaka-targets-20-million-visitors-a-year-after-ir-opening","title":{"rendered":"Osaka targets 20 million visitors a year after IR opening"},"content":{"rendered":"\n<p>Osaka city\u2019s mayor Hideyuki Yokoyama talked about the city\u2019s expectations.&nbsp;<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- Osaka city mayor <strong>Hideyuki Yokoyama<\/strong> has said he hopes for 20 million foreign visitors annually after the <strong>MGM Osaka integrated resort (IR)<\/strong> opens, possibly in autumn 2030. He said in a speech to the Kansai Association of Corporate Executive said that even 10 million inbound tourists a year could stimulate consumption amounting to <strong>JPY1.1 trillion (US$7.73bn)<\/strong>.<\/p>\n\n\n\n<p>The mayor that the amount of meetings, incentives, conferences and exhibitions (MICE) space at MGM Osaka would triple to 60,000 square metres (645,835 sq. feet) within 10 years of the resort\u2019s launch.<\/p>\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-orix-begin-preparatory-work-for-osaka-ir\">Work began<\/a> on the IR on\u00a0<strong>Yumeshima<\/strong>, an artificial island in Osaka Bay, earlier this month. However, there are concerns about timing. Preparations for an expo to be held next to the site on April 13, 2025 have been set back by rising costs and labour shortages.<\/p>\n\n\n\n<p><strong>MGM Resorts<\/strong>&nbsp;has&nbsp;<a href=\"https:\/\/focusgn.com\/asia-pacific\/osaka-announces-mgm-orix-as-ir-partner\" target=\"_blank\" rel=\"noreferrer noopener\">partnered with Orix Corp<\/a>, a Japanese company, for the resort and casino. It was expected to cost JPY1.08tn (US$8.38bn). However, the initial investment is expected to rise by JPY190bn (US$1.29bn).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Osaka city\u2019s mayor Hideyuki Yokoyama talked about the city\u2019s expectations.&nbsp;<\/p>\n","protected":false},"author":226,"featured_media":20877,"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 mayor anticipates 20 million annual foreign visitors and significant economic stimulus from the MGM Osaka Integrated Resort, projected to open in autumn 2030. The project, a partnership between MGM Resorts and Orix Corp, faces rising investment costs and potential timing challenges due to broader regional development issues. The IR will feature a substantial MICE expansion within a decade of its launch.","focusai_entities":"Hideyuki Yokoyama, MGM Resorts, Orix Corp, Kansai Association of Corporate Executive","focusai_location":"Osaka, Japan, Yumeshima","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Cost Overruns Impact?","query":"What specific mitigation strategies are MGM Resorts and Orix Corp implementing to manage the escalating capital expenditure and potential labor shortages, and how might these impact the project's projected ROI and opening timeline?"},{"label":"MICE Expansion Strategy?","query":"How does the planned tripling of MICE space within 10 years align with Osaka's broader tourism development strategy, and what specific market segments will be targeted to achieve the projected 20 million annual foreign visitors?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23907],"class_list":["post-777011993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011993","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011993"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011993\/revisions"}],"predecessor-version":[{"id":777012005,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011993\/revisions\/777012005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20877"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}