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Osaka delays planned opening date for IR

Tomo Yamamoto by Tomo Yamamoto
Fri 12 Feb 2021 at 06:18
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Osaka prefecture/city has decided not to include a specific timeline in the upcoming implementation policy to be published regarding its IR and casino.

According to the Nikkei, this is in consideration of operators who have been hit hard by the COVID-19 pandemic. The former expectation of a partial opening in the latter half of the 2020s with a full opening in 2027 to 2028, has now been left completely up in the air.

A partnership between US casino giant MGM Resorts International and Japan’s ORIX is participating in Osaka’s open operator recruitment and it was decided it would take time for business to recover in the current COVID-19 climate. If the exhibition and accommodation facilities meet the criteria of central government, a gradual opening will be permitted.

The prefecture/city expects a partial opening to start in the second half of the 2020s and is making adjustments to include that in the implementation policy.

The implementation policy draft was announced in November 2019 in hope of a full opening before the 2025 World Expo. The desire was to attract more visitors as the Expo site is adjacent to the IR site on Yumeshima Island. However, operators voiced concerns about the short construction period and in the recruitment criteria revealed in December 2019, it stated that partial opening with a full scale opening in 2026 would be permitted.

Later, due to the continued worldwide pandemic, the operator stated that they had not been able to proceed with preparatory work and in March 2020, a partial opening before the Expo was abandoned. Later in June, a deadline for submitting proposals from operators was postponed and Governor Hirofumi Yoshimura indicated that a full reopening was now expected to be postponed to 2027 or 2028.

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Tags: covid-19irJapanMGM Resorts InternationalOrixOsakaYumeshima
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Tomo Yamamoto

Tomo Yamamoto

Born in Okayama, Japan in 1964, Tomo has covered horse racing, professional baseball, golf, boxing and more in his role as a sports writer. He first encountered casinos before Macau was returned to China in 1999. He has traveled to South Korea and Manila to cover events and scope out the local scene. He has studyied “How to get along with casinos,” a topic he learned of from Osaka University of Commerce.

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