Japan’s Universal Entertainment Corp has acknowledged the opportunity to participate in the country’s integrated resort (IR) development process but told shareholders it is proceeding cautiously, with no decisions yet on involvement structure or partners.
In a written summary of a question-and-answer session at its latest annual general meeting, the company stated: ‘Opportunity acknowledged; stance remains cautious. No decisions on consortium participation or investment structure.’
The remarks come as Japan prepares to reopen its IR application process, with local governments set to submit bids between May 2027 and November 2027 under a revised Cabinet Order. The move marks the next phase of the country’s limited casino liberalization framework, which allows for up to three IR licenses nationwide.
Universal Entertainment, which operates the Okada Manila in the Philippines, indicated it is monitoring developments but has not committed to a formal role in any future bid. The company’s cautious tone suggests it is weighing regulatory, financial, and partnership considerations before entering Japan’s competitive IR landscape.
So far, only one project—the MGM Osaka led by MGM Resorts International and Orix Corp—has received approval and is currently under construction, with an expected opening around 2030.
Additional regions, including Nagasaki and Hokkaido, have previously expressed interest in IR development, and the new application window may allow them to re-enter the process.
Beyond Japan, Universal Entertainment said it continues to focus on strengthening operations at Okada Manila, prioritizing service quality and staff training as part of efforts to improve earnings performance.
