Osaka accepts IR delay and gives up on pre-World Expo opening

Osaka has thrown in the towel on the prefectural government’s long-cherished cherished prospect of opening its Yumeshima IR before the 2025 World Expo.

Osaka Mayor Ichiro Matsui explained, “People currently cannot travel between Japan and the United States. Opening before the World Expo was already going to be a tough climb, but with movement now stopped, we can’t avoid the conclusion that there isn’t enough time.”

Rather than selecting its IR consortium partner in June, the selection will be delayed until September.

However, there is, as yet, no indication that the MGM-Orix consortium will face any challenger, even on the slightly longer timeline.

According to the revised schedule, the approval of the prefectural assembly and the city council will be sought in February or March of 2021, and if the national government approves the license, Osaka will stipulate that the Yumeshima must open before the end of March 2027.

SHARE
Previous articleGenting HK projects “major setback” from Covid-19
Next articleSummit Ascent suspends operations at Tigre de Cristal

Related Articles

Osaka Mayor Ichiro Matsui

Osaka IR plunged into uncertainty by referendum loss

The prospects for the development of a major urban IR at Yumeshima, Osaka, took a sudden and unexpected turn for the worse after voters rejected the administrative reorganization proposals of the local leaders, and Osaka Mayor Ichiro Matsui announced his intention to retire from politics at the end of his term.

Osaka leaders give up on firm timeline for operator selection

Osaka Mayor Ichiro Matsui and Governor Hirofumi Yoshimura have indicated that, due to impact of the coronavirus, it is currently not possible to set a precise timeline for an operator consortium partner or to predict when the Yumeshima IR can finally open its doors. “During the global spread of the new coronavirus, we have had […]

Matsui admits Osaka IR may not open until 2028

Osaka Mayor Ichiro Matsui announced at a Thursday press conference that an extra six months would be necessary for IR operators to submit all of their plans for the RFP process, and that realistically the coronavirus impact will result in a one or two year delay in the opening of the Yumeshima IR, perhaps to […]

Osaka goes to war with defiant pachinko parlors

The Osaka prefectural and municipal governments engaged in a very public campaign to force a handful of defiant pachinko parlors to suspend their operations in line with state of emergency measures intended to slow the spread of Covid-19. While some pachinko parlors in many parts of the nation brushed off their governors’ non-binding requests to […]

Osaka mayor warns MGM against “high-handed” IR bid

Defending himself against media questions regarding Osaka’s potential loss of leverage against the MGM Japan-Orix bid in a context in which they are now the only IR consortium bidder, Osaka Mayor Ichiro Matsui insisted that he was still willing to refuse their offer if it isn’t at an acceptable level. “If they try to take […]