Toyonori Takahashi, ORIX\u2019s Group Kansai representative shared details about the integrated resort the company is currently developing in Osaka alongside MGM Resorts International.<\/p>\n\n\n\n\n\n\n\n
Japan.- The Orix Group has issued a press release sharing details about the integrated resort (IR) with a casino it is currently developing on Yumeshima island through a joint venture<\/a>\u00a0with MGM Resorts International<\/strong> and several other Japanese entities as smaller-scale investors.\u00a0<\/p>\n\n\n\n The company said the IR is attracting interest both inside the country and around the world<\/strong> and has the potential to boost domestic as well as regional tourism across Asia and generate strong returns for the resort\u2019s principal developers: ORIX Group and MGM.<\/p>\n\n\n\n Toyonori Takahashi<\/strong>, ORIX\u2019s Group Kansai representative, said: “This is Japan\u2019s first IR resort and we believe it will attract many visitors and tourists to Osaka, both from the rest of Japan and from overseas.”<\/p>\n\n\n\n The IR is expected to cost JPY1.27tn (US$ 8.9bn)<\/a> and is anticipated to generate annual revenue of JPY520bn, of which about 80 per cent is expected to come from the casino. It will also include hotels, shopping areas, convention areas and facilities. Operations are slated to commence by autumn 2030.<\/p>\n\n\n\n According to the Orix Group, there is unlikely to be any national competition in the short term<\/strong>. While the national government originally considered approving three IRs across the country, the development of the other two projects has been put on hold for now.<\/p>\n\n\n\n The city of Nagasaki submitted its IR District Development Plan<\/a> alongside Osaka in 2022, aiming to partner with Casinos Austria International Japan<\/a> and to open by 2027, but the project was rejected. Meanwhile, Yokohama withdrew its IR plans after Takeharu Yamanaka<\/a> won the mayoral elections. <\/p>\n\n\n\n In the region, the IR will have to compete with established resorts in Asia, especially those in Macau and Singapore. Nevertheless, Takahashi said he was confident that Japan\u2019s diverse offerings, ranging from food to culture to nature for visitors to explore and enjoy, “give it strong advantages over these smaller cities”.<\/p>\n\n\n\n He then added: “I believe projects like Yumeshima and Umekita contribute both to our company and to Kansai as a whole. I am confident in the success of Japan\u2019s first integrated resort development.”<\/p>\n\n\n\n Last December, a delegation from the Japan Casino Regulatory Commission visited New South Wales (NSW) to study the Australian state\u2019s approach to modernising casino regulations.<\/p>\n\n\n\n On December 4, 2024, Hiroyuki Ujikane, Michiko Watari and Keiko Ishikawa met with NSW Independent Casino Commission (NICC) chief commissioners\u00a0Philip Crawford and Stephen Parbery. They later toured Crown Sydney\u2019s members-only facility.<\/p>\n\n\n\n Crawford said Japan has the advantage of being able to learn from other jurisdictions. \u201cJapan is in the midst of setting up their regulatory structure, so the functions are in place well in advance of the casino opening,\u201d Crawford said.<\/p>\n\n\n\n \u201cThey have had the benefit of watching other jurisdictions deal with misconduct and then retrospectively attempt to adjust compliance cultures to address bad behaviour and poor governance. It\u2019s important to get it right as early as possible and to build in the capabilities to stay alert to emerging risks.<\/p>\n\n\n\n \u201cI can\u2019t understate the many challenges facing casino regulators in an increasingly data-driven, digital age. Given the complexity of casino systems, regulators need to be on their toes and work with each other to find solutions to shared issues.\u201d<\/p>\n\n\n\n The Japanese Casino Regulatory Commission was created in 2020, four years after the government passed legislation to allow for three integrated resort licences. It has around\u00a0150 staff and is focused on preparing a framework covering areas such as integrity, compliance, enforcement, licensing and intelligence.<\/p>\n","protected":false},"excerpt":{"rendered":" Toyonori Takahashi, ORIX\u2019s Group Kansai representative shared details about the integrated resort the company is currently developing in Osaka alongside MGM Resorts International.<\/p>\n","protected":false},"author":176,"featured_media":19199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"ORIX Group and MGM Resorts International are progressing with Japan's inaugural Integrated Resort on Osaka's Yumeshima island, a JPY1.27tn project slated for a 2030 launch, projecting JPY520bn in annual revenue, predominantly from gaming. This development faces no immediate domestic competition but will contend with established regional hubs like Macau and Singapore. Concurrently, the Japan Casino Regulatory Commission is actively benchmarking international regulatory frameworks, specifically NSW's, to establish robust governance ahead of the IR's operational commencement.","focusai_entities":"ORIX Group, MGM Resorts International, Toyonori Takahashi, Japan Casino Regulatory Commission, Hiroyuki Ujikane, Michiko Watari, Keiko Ishikawa, NSW Independent Casino Commission, Philip Crawford, Stephen Parbery, Crown Sydney, Casinos Austria International Japan","focusai_location":"Japan, Osaka, Yumeshima, Nagasaki, Yokohama, Australia, New South Wales, Macau, Singapore","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IR Revenue Diversification","query":"Given the projected 80% casino revenue contribution, what specific non-gaming verticals are being prioritized to mitigate reliance on GGR and enhance long-term sustainability for the Osaka IR?"},{"label":"Regulatory Framework Evolution","query":"How will the insights gained from the NSW casino framework study specifically influence Japan's final regulatory compliance and governance frameworks, particularly concerning responsible gambling and AML protocols?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23632,24020],"class_list":["post-777021912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-integrated-resorts","tag-mgm-orix"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021912","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=777021912"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021912\/revisions"}],"predecessor-version":[{"id":777021917,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021912\/revisions\/777021917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19199"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Japan sends delegation to Australia to study NSW casino framework<\/h2>\n\n\n\n