Sunday, November 28, 2021

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Blackstone buys Japanese hotels, including near Osaka Yumeshima

Blackstone, now bidding for ownership of Crown Resorts, has announced a binding agreement to buy eight hotels in Japan from Kintetsu Group Holdings, including one very close to Yumeshima in Osaka, expected to become host to its own major IR.

Kintetsu close to abandoning rail link extension to Yumeshima

Kintetsu Group Holdings is reportedly close to abandoning its earlier plans to extend its rail line to Yumeshima before the 2025 World Expo. The firm is concerned that there may be little passenger demand with lingering uncertainty over the pandemic and the future of IR development in Osaka.

Osaka anti-casino group claims Yumeshima development dangerous

An anti-casino group in Osaka is planning a human chain protest at the Osaka City Hall, and they are arguing that the soft soil...

City Council debates cost sharing for Yumeshima subway line extension

Osaka Mayor Ichiro Matsui fielded questions from the Osaka City Council on Monday regarding the extension of the Osaka Metro Chuo Line to Yumeshima, including the cost sharing arrangements with the anticipated future IR operator.

Delays and doubts over Yumeshima transport infrastructure

If the IR policy delays have created a threat to Yokohama’s plans that are primarily political, the deepest concerns for Osaka arguably relate to its effect on transportation infrastructure to the man-made island of Yumeshima.

The Osaka Yumeshima IR loses its inevitability

A year ago there were many things uncertain about IR development in Japan, but if there was one thing you could depend upon—one prediction that could be made with near total confidence—it was that the man-made island of Yumeshima in Osaka Bay was destined to become host to one of the biggest and grandest IRs in the world. 

Osaka railways reconsidering Yumeshima development plans

Uncertainty over further schedule delays and concerns about a reduced scale for IR development on Yumeshima is causing local railways to consider scaling back...

Keihan Holdings wants to invest in Yumeshima IR

Keihan Holdings President Masahiro Ishimaru has revealed that his firm would be interested in participating as an investor in the Yumeshima IR, though on a modest scale.

Yumeshima IR candidacy is Osaka government’s to lose

It was considered a foregone conclusion in gaming circles that Osaka will be a venue for one of the first three integrated resorts in Japan, though the entry of Yokohama into the race and shifting political sands highlight the fact that nothing should be taken for granted. 

Fears grow traffic jams may slow Yumeshima IR construction

Osaka officials are beginning to acknowledge more openly that the simultaneous construction of the 2025 World Expo and the anticipated IR on Yumeshima island may create traffic jams that will impact work efficiency.