Monday, May 20, 2024

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Osaka casino already attracting real estate investors from Singapore: Report

Although construction on the Osaka integrated resorts (IR) is likely to begin next year, with the launch planned for 2029, Japan's second-largest city is already reaping the benefits of attracting foreign investors to its real estate market.

Osaka casino expected to produce $4 billion by early 2030s, outpacing Sands’ Singapore and Venetian Macau

MGM's near $10 billion integrated resort (IR) project in Osaka has the potential to produce north of $4 billion in revenue at the start of the next decade, outpacing the pre-pandemic $3 billion and $4 billion of Las Vegas Sands' Singapore and Venetian Macau facilities, respectively, according to an Analyst at Morningstar. 

Thailand could open first casino by 2029 ahead of MGM Osaka

Amid an accelerating move towards casino legalization in Thailand, the country could see its first Entertainment Complexes (EC) by 2029, according to research by Maybank Investment Bank.

Mori Trust acquires Osaka hotel ahead of World Expo and casino opening

Tokyo based real estate investment fund Mori Trust has acquired the Fairfield by Marriott Osaka Namba hotel from investment firm PAG in a strategic move ahead of a projected tourism boom.

IR-backing Osaka governor says delays won’t hurt Japan’s first casino project 

The newly re-elected Osaka governor has reassured that years of delay to the plans for Japan's first casino resort will not cause significant detriment in the long run.

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...

Japan’s top law firms assist Osaka IR’s with $3.4B loan from bank consortium

Osaka's integrated resort developer consortium has secured a $3.4 billion loan from a bank consortium, to further the development of the country's first casino.

Thai gaming market extremely compelling, UAE casino still on the radar: MGM CEO

The cost of doing business in Thailand and the estimated margins make the possible future gaming market very compelling, while the UAE holds potential, notes the CEO and President of MGM Resorts International.

MGM Osaka secures $3.4 billion loan from banks

The group behind the multi-billion-dollar integrated resort in Japan, led by MGM Resorts, has closed a deal for a $3.4 billion loan from a group of banks.

Daily Asia Gaming eBrief: Thai casinos could contribute to 1% of GDP

Thailand's proposed taxation rate of 17 percent is highly competitive, compared to other nearby gaming regions, and that casino entertainment complexes could contribute up to 1 percent of GDP, or roughly $5 billion annually.