Akihabara News (Tokyo) \u2014 The Kishida administration has decided to approve a license to build Japan\u2019s first major casino resort in Osaka, aiming for a grand opening in 2029.<\/p>\n
\u201cThe Integrated Resort will attract many tourists and have an economic impact,\u201d Prime Minister Fumio Kishida said today. \u201cIt\u2019s an important initiative for promoting ourselves as a tourism-oriented country.\u201d<\/p>\n
The official decision is expected to be announced tomorrow after a meeting with related government ministers.<\/p>\n
With the pro-casino Japan Innovation Party (Nippon Ishin) winning another double victory in the gubernatorial and mayoral races last Sunday, the final political hurdle was crossed.<\/p>\n
Also quite helpful for the project is that voter exit polls in Osaka revealed that a clear majority of the prefecture\u2019s residents now favor the project. Local polling in earlier years had shown inconclusive results.<\/p>\n
The plan calls for the construction of a \u00a51.08 trillion (US$8.1 billion) facility owned and operated by a consortium led by MGM Resorts International and the Orix Corporation. The construction site is on the manmade island of Yumeshima in Osaka Bay (which will also host the 2025 World Expo). Once open, the casino resort is expected to draw in about 20 million visitors annually and strengthen Osaka\u2019s tourism revenues.<\/p>\n
The legislation authorizing the establishment of casino resorts, the Integrated Resort (IR) Implementation Act, was pushed through the National Diet by the Shinzo Abe administration over fierce opposition.<\/p>\n
In January 2020, the Japan Casino Regulatory Commission was set up with a staff of about 160 people.<\/p>\n
The fate of the other casino resort project that has applied for a license\u2013which would be located next to the Huis Ten Bosch theme park in Sasebo city, Nagasaki\u2013remains unclear. Reporting suggests that a final decision on that project will come at some later date.<\/p>\n
Recent Integrated Resorts Related Articles<\/strong><\/p>\n Casino Internships in Korea<\/a><\/strong><\/p>\n MGM May Become \u201cSole Operator\u201d in Japan Casino Market<\/a><\/strong><\/p>\n Okada Manila Hit by Fresh Lawsuit<\/a><\/strong><\/p>\n Reorganization at Aruze America<\/a><\/strong><\/p>\n Okada Manila Projects a New Normal<\/a><\/strong><\/p>\n Casino Resort Licensing Delayed<\/a><\/strong><\/p>\n Japanese Casino Mogul Faces Prison<\/a><\/strong><\/p>\n Universal Regains Control of Okada Manila<\/a><\/strong><\/p>\n Hong Kong Firm Buys Huis Ten Bosch<\/a><\/strong><\/p>\n Japan Casino Resorts in Limbo<\/a><\/strong><\/p>\n The post Osaka Casino Resort Headed for Approval<\/a> appeared first on Akihabara News<\/a>.<\/p>\n
Akihabara News (Tokyo) \u2014 The Kishida administration has decided to approve a license to build Japan\u2019s first major casino resort in Osaka, aiming for a grand opening in 2029. \u201cThe Integrated Resort will attract many tourists and have an economic … Continue reading
\n
\nSource: Akihabara News – Osaka Casino Resort Headed for Approval<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"