Thursday, December 5, 2024

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MGM-Orix Osaka IR project facing possible further delays due to the construction of the Osaka 2025 pavilion

According to the Japan Times, preparatory works for developing the Yumeshima artificial island in Osaka Bay started less than 500 days before the expo is due to open in spring, 2025.

Osaka IR opening delayed to autumn 2030, costs rise $1.3bln

The Osaka prefectural and municipal governments announced on Tuesday that the opening of MGM's casino resort on Yumeshima artificial island in Osaka Bay has been postponed to the autumn of 2030. This delay is attributed to the protracted process of gaining central government approval and an unexpected surge in construction material costs.

Osaka to hold IR monopoly for quite some time, Nagasaki bid may be in peril

Osaka is likely to remain Japan's only integrated resort location for some time, as the evaluation of the plan approved by authorities barely passed the minimum certification criteria – ranking at just 65.79 percent from a minimum of 60 percent, notes analyst Daniel Cheng.

Genting Singapore: no plans to pursue bid for Osaka or Japan IR

Genting Singapore confirms it is fully out of the race for a potential IR in Japan, noting in a pre-AGM release that the company ‘previously pursued a bid to develop an integrated resort in Yokohama City, but this was discontinued when Yokohama City decided to cancel the […] integrated resort bid process’.

Osaka IR may have decision this week, Nagasaki plan postponed

Japan's central government could decide to give a green light to Osaka’s plan for an integrated resort (IR) still this week, however Nagasaki's IR plan is still pending.

IR-backing Osaka governor re-election was always expected: Japan gaming expert

The IR-positive outcome in the recent Osaka election was "always the expected result", according to a Japanese gaming expert, noting that even so public opinion still could inhibit the overall process.

Osaka governor says IR Project is “perfectly viable without Chinese tourists”, report

Osaka’s governor says that the casino business planned to open in the city would be “perfectly viable without the Chinese tourists”.

Clairvest closes Wakayama office, defends financing plans

Clairvest Neem has rejected allegations that its financing plan for a failed bid for an integrated resort in Wakayama was “unclear” and said it will continue to look for opportunities in Japan.

Osaka IR seen opening in autumn/winter 2029

The Osaka government unveiled its plans for an integrated resort on Yumeshima Island on Tuesday, saying the project is expected to open in autumn/winter of fiscal 2029.

Melco to continue to explore opportunities in Japan

Melco Resorts said it will continue to explore opportunities in Japan after politics upended its efforts to obtain a license in Yokohama.

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