• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Bullish Osaka to start IR partner search in spring

Jan 16, 2019 Newsdesk Japan, Latest News, Top of the deck  


Bullish Osaka to start IR partner search in spring

Osaka prefecture and city will start this spring the process of selecting commercial partners in its effort to host one of Japan’s first casino resorts. That is according to comments by Ichiro Matsui, Osaka’s governor, and based on information gathered by GGRAsia.

The Nikkei Asian Review newspaper separately reported this week that United States-based casino operator MGM Resorts International – majority owner of a casino business in Macau – was supportive of Osaka (pictured) bidding for a casino project.

“We will support Osaka in obtaining integrated resort certification,” Jim Murren, chairman of MGM Resorts, was quoted as saying.

Meanwhile in Yokohama, the incumbent mayor, Fumiko Hayashi, is reportedly yet to decide whether to bid for a casino resort – facilities known in Japan as integrated resorts or “IRs”. Ms Hayashi is currently said to be focusing her energies on the Yokohama City Council election, which is due on April 29.

According to GGRAsia’s correspondent, the nation’s Integrated Resorts Implementation Act requires local governments wishing to act as a host for a casino resort to make a formal resolution to that effect.

Under Japan’s liberalisation process for casino business, interested local governments must first select business partners. The respective proposals – to be put forward by the local governments with their selected business partners – will be evaluated by Japan’s national government. Only a maximum of three licences will be available in the first wave of market liberalisation.

A person identified as an aide to Japan’s Cabinet mentioned during the MGS Entertainment Show 2018 in Macau a possible launch date of 2025 for the first casino resort in Japan. Another Japanese commentator at the same event thought 2027 was the earliest it might happen.

In other news, it emerged that the Osaka authorities had secured a JPY330-million (US$3-million) budget for integrated resort promotion work in the financial-year 2019 draft budget.

The allocation is said to include money for the ‘request for proposal’ phase – that will encompass the private business partner selection process – and to establish what was termed an integrated resort development plan.

In contrast, Yokohama has apportioned – according to the Kanagawa Shimbun newspaper – a more modest JPY10 million for integrated resort “research” in its financial-year 2019 draft budget.


  • tweet
Related articles
  • MGM equity input for Japan IR may reach US$2.5bln: S&P
    MGM equity input for Japan IR may reach...

    Jan 17, 2023  

  • LVS says to bid for downstate NY casino licence
    LVS says to bid for downstate NY casino...

    Jan 13, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us