• 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

Osaka IR aims for US$3.9bln casino sales annually: RFP

Sep 28, 2021 Newsdesk Japan, Latest News, Top of the deck  


Osaka IR aims for US$3.9bln casino sales annually: RFP

The Osaka prefectural government released on Tuesday details of the winning request-for-proposal (RFP) submission from the MGM Resorts International and Orix Corp consortium, for a casino complex – or integrated resort (IR) – in that Japanese city.

The information was provided as Osaka prefecture’s governor, Hirofumi Yoshimura, made official the metropolis’ RFP result.

According to the materials, the consortium expects annual gaming sales of JPY430 billion (US$3.87 billion) and non-gaming sales of JPY110 billion, meaning total sales of JPY540 billion.

The project (pictured in an artist’s rendering) is being referred to as “WOW next to the Kansai and Osaka region”. The development concept is described in the materials as: “The water city to connect people and things as a transport hub”.

The initial investment amount for the complex is confirmed at JPY1.08 trillion, i.e., about US$9.7 billion, slightly above a figure previously mentioned. The resort, to be located on Yumeshima island, in Osaka Bay, would provide employment for 15,000.

The consortium expects 20.5 million visits annually to the property: 14 million domestic-customer visits, and 6.5 million visits by people from overseas. From the casino entry fee to be imposed on domestic players, Osaka prefecture and city in total would get JPY33 billion annually, it was forecast.

In late July, the Osaka authorities mentioned the likelihood of an initial opening for the IR to be at some point from 2028 at the earliest, to 2030.

Bill Hornbuckle, chief executive and president of MGM Resorts, said in a statement issued on Tuesday after the announcement: “We will work closely with the prefectural/city municipal governments to deliver an iconic, uniquely Japanese destination warranting Osaka’s selection as home to one of Japan’s first integrated resorts.”

Other information released on Tuesday included that the resort’s accommodation would consist of an MGM Osaka hotel; MGM Villas; and a Musubi Hotel; the properties offering in aggregate 2,500 total guest rooms.

Meetings and conference space would cover approximately 400,000 square feet (37,161 sq. metres) capable of accommodating more than 6,000 visitors. In addition, there will be approximately 330,000 sq ft of exhibition space, including an “Innovation Laboratory”; and a Yumeshima Theater, with circa 3,500 seats.

The scheme would also “support and facilitate the formation of a ‘Showcase of Japanese Tourism’ plan” for the area surrounding the resort, in order to “establish Osaka as a gateway for wider tourism in Japan,” said MGM Resorts in its press release.

(Updated Sept 29, 8.45am)


  • 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
  • Gaming-related crime in Macau down 30pct in 2022: police
    Gaming-related crime in Macau down...

    Feb 01, 2023  

  • Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook
    Donaco posts US$1.3mln 4Q EBITDA, flags...

    Jan 31, 2023  


Latest News

Gaming-related crime in Macau down 30pct in 2022: police

Gaming-related crime in Macau down 30pct in 2022: police

Feb 01, 2023  

Macau recorded 965 “gaming-related” crimes in full-year 2022, down 29.7 percent on the 1,372 identified in the previous year, according to the latest statistics published on Tuesday by...
Read More
Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook

Donaco posts US$1.3mln 4Q EBITDA, flags positive outlook

Jan 31, 2023  

Tak Chun execs knew illicit to settle proxy in Macau: trial

Tak Chun execs knew illicit to settle proxy in Macau: trial

Jan 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Momentum is expected to grow as mainland China recently reopened its borders, and this presents a substantial growth potential for us as historically a large portion of our clientele came from China”

Porntat Amatavivadhana

Non-executive chairman of Donaco International



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPMMacau CNY mass GGR maybe 60pct plus of CNY 2019: JPM January 31, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us