Osaka’s Yumeshima Island would be the perfect location for a Las Vegas style “Osaka Strip”, according to a soon-to-be-released white paper from Global Market Advisors (GMA) titled White Paper: Japan Integrated Resorts.
Capitalizing on the government’s goal of boosting international tourism, GMA proposes creating a tourism hub in Osaka in which multiple developers were granted licenses similar to the Las Vegas Strip or Macau’s Cotai Strip.
“Developing the Osaka site, with multiple operators on the ‘Osaka Strip’, would create critical mass and a true tourist destination,” explains GMS Managing Partner Steve Gallaway. “This would compete with Las Vegas, Macau and Singapore in generating nearly US$11 billion from that district alone.”
The full white paper, to be released on 1 May in both English and Japanese, focuses on the full opportunity for integrated resorts in Japan and provides revenue projections for various scenarios and regulatory structure.
“Japan has the potential to be one of the largest gaming markets in the world, generating up to US$24.2 billion at six different locations by 2030,” Gallaway said.
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