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MGM has $9 billion for Osaka IR

James Murren, chairman and CEO of MGM Resorts International, says the company anticipates an investment of about JPY1 trillion (US$9 billion) should it win its bid to build an IR at Osaka’s Yumeshima site.

Murren made the comments on Tuesday after paying a courtesy visit to Osaka Governor Ichiro Matsui and Osaka Mayor Hirofumi Yoshimura.

He also stated, “Osaka has the potential to become the center of MICE in Asia. We want to create something that reflects Japan's cutting-edge technology and food culture.”

Osaka Governor Matsui stated separately on Tuesday that he wanted the IR Implementation Bill to be enacted into law by next summer. Osaka’s plans call for the Yumeshima IR to open its doors before the 2025 World Expo (which they also hope to host) and therefore they do not want the absence of national legislation to cause further delays.

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Nagasaki Governor Hodo Nakamura faces an electoral challenge from a candidate affiliated with the Japan Communist Party as he seeks a third term.

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In a piecemeal fashion, Japan is beginning to strengthen its anti-addiction infrastructure in anticipation of the opening of its first IRs in the next decade. The latest step is the establishment of the Hyogo Kobe Addiction Countermeasures Center, which will include a hotline for telephone consultation.

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JapanThursday, Jan 04, 2018

The Japan Racing Association (JRA) began implementing third-party gambling addiction exclusions at the end of December, heralding a new direction in Japanese policy expected to apply not only to current forms of gambling, but also to the IRs likely to open in the mid-2020s.

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With four separate municipal governments now considering IR licensing bids within her prefecture, Hokkaido Governor Harumi Takahashi made comments last Thursday indicating that she will maintain a neutral and largely passive policy posture.

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