Galaxy pushes for Osaka IR

Galaxy Entertainment is pushing for a potential Osaka IR and made its local pitch during a press event this week, detailing its proposal.

Japan.- Galaxy Entertainment is pushing for an Osaka IR and is ready to compete with MGM Resorts for it. The company made its local pitch for the project during a press event in the city.

Galaxy detailed several points for its Osaka IR, including that it would be a long-term investment. They also stated that only a few competitors can match their financial resources.

Casino committee

Japan keeps moving its casino industry forward, not only by trying to create a proper regulatory framework but also by preparing the necessary committees to launch the market. On Friday, the government adopted an ordinance to create a management committee to supervise casino operators in Japan.

The committee would start on January 7, 2020, according to Jiji Press. As part of the creation of the committee, the government will nominate five members, including the chair. That person would be confirmed during the ongoing extraordinary session of Japan’s Parliament.

The government also adopted an ordinance that establishes the creation of the committee’s secretariat. This would have two departments: the first one would be for administrative work and measures against gambling addiction, while the other one would entail industry supervision.