{"id":777015013,"date":"2024-04-25T09:34:32","date_gmt":"2024-04-25T12:34:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015013"},"modified":"2026-04-22T10:49:11","modified_gmt":"2026-04-22T13:49:11","slug":"osaka-ir-project-secures-us3-4bn-loan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/osaka-ir-project-secures-us3-4bn-loan","title":{"rendered":"Osaka IR project secures US$3.4bn loan"},"content":{"rendered":"\n<p>The MGM-Orix consortium has secured a loan from a group of Japanese banks.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- MGM Resorts and Orix Corp have secured a US$3.4bn loan from\u00a0two Japanese banks,<strong> Mitsubishi UFJ Financial<\/strong> and<strong> Sumitomo Mitsui Banking<\/strong>, for the development of the <strong>US$8.2bn MGM Osaka<\/strong>, the first integrated resort (IR) in Japan. The MGM-Orix consortium was selected as\u00a0IR\u00a0partner by the Osaka Prefecture in September 2021. Each company holds 42.5 per cent stake.<\/p>\n\n\n\n<p>The IR, slated to open in 2030, is to <strong>feature approximately 2,500 hotel rooms<\/strong>, along with facilities for meetings, incentives, conferences, and exhibitions (MICE).\u00a0The prefectural government had envisaged an inauguration in the autumn or winter of 2029. However, there was\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/japan-tourism-agency-approves-osaka-ir-implementation-plan\" target=\"_blank\" rel=\"noreferrer noopener\">a delay in getting approval from central government<\/a>.<\/p>\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-orix-begin-preparatory-work-for-osaka-ir\" target=\"_blank\" rel=\"noreferrer noopener\">Preparatory work began last December<\/a>\u00a0after concrete was poured into the ground on Yumeshima, an artificial island in Osaka Bay where the IR will be built. The IR is anticipated to generate annual revenue of JPY520bn, of which about 80 per cent is expected to come from the casino. About\u00a0<strong>20 million people<\/strong>\u00a0a year are expected to visit, including 6 million visitors from abroad, generating sales of JPY520bn annually, with JPY420bn coming from gambling revenue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Osaka considers fixed&nbsp;fee&nbsp;for foreign visitors to mitigate&nbsp;overtourism<\/h2>\n\n\n\n<p>Osaka Prefecture is exploring the possibility of implementing&nbsp;<strong>a fixed fee for foreign visitors<\/strong>&nbsp;to address concerns related to&nbsp;overtourism.&nbsp;Governor&nbsp;<strong>Hirofumi Yoshimura&nbsp;<\/strong>has suggested that the fee collection could coincide with the start of the 2025 World Exposition.<\/p>\n\n\n\n<p>The fee would generate funds for initiatives aimed at managing\u00a0overtourism. Currently, there are no such specific taxation schemes on tourists in place, according to the Ministry of Internal Affairs and Communication.\u00a0According to Kyodo News,\u00a0governor\u00a0Yoshimura emphasised the importance of ensuring a balance between tourism promotion and the preservation of local communities.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The MGM-Orix consortium has secured a loan from a group of Japanese banks.<\/p>\n","protected":false},"author":176,"featured_media":13627,"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 secured a US$3.4bn loan from Japanese banks for the US$8.2bn MGM Osaka Integrated Resort, Japan's first IR, slated to open in 2030. This significant financing milestone follows central government approval and preparatory work, with the IR projected to generate JPY520bn annually, 80% from casino operations. Osaka Prefecture is also considering a fixed fee for foreign visitors to manage overtourism, potentially coinciding with the 2025 World Exposition.","focusai_entities":"MGM-Orix consortium, MGM Resorts, Orix Corp, Mitsubishi UFJ Financial, Sumitomo Mitsui Banking, Osaka Prefecture, Ministry of Internal Affairs and Communication, Kyodo News, Hirofumi Yoshimura","focusai_location":"Japan, Osaka, Yumeshima, Osaka Bay","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.8), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Financing Structure Impact","query":"How does the US$3.4bn loan, specifically from Japanese banks, influence the consortium's long-term capital structure and potential for future expansion within the Japanese IR market?"},{"label":"Overtourism Fee Implications","query":"What are the projected financial implications and operational challenges for the MGM Osaka IR if Osaka Prefecture implements a fixed fee for foreign visitors, particularly concerning international visitor acquisition targets?"}],"footnotes":""},"categories":[16338,163],"tags":[23632,24020],"class_list":["post-777015013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-integrated-resorts","tag-mgm-orix"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015013","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=777015013"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015013\/revisions"}],"predecessor-version":[{"id":777015031,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015013\/revisions\/777015031"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13627"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}