• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 30 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Japan Prime Minister Fumio Kishida confirms Osaka IR plan approved

Ben Blaschke by Ben Blaschke
Fri 14 Apr 2023 at 07:47
The Japan IR Industry: A Golden Opportunity Squandered

An artist’s impression of MGM Resorts’ Osaka IR.

84
SHARES
2.1k
VIEWS
Print Friendly, PDF & Email

The Prime Minister of Japan, Fumio Kishida, told local media on Friday morning that the government has officially approved a plan by Osaka prefecture and city to develop an integrated resort on Osaka’s Yumeshima Island.

According to local media reports, his comments followed a meeting of the Ministry of Land, Infrastructure, Transport and Tourism this morning to discuss the proposals submitted by Osaka and Nagasaki. As previously reported by IAG, it is likely that officials will seek more time to further clarify details around Nagasaki’s bid.

Speaking to reporters after the meeting, Prime Minister Kishida said, “The Minister of Land, Infrastructure, Transport and Tourism has decided to certify Osaka’s area development plan.

“Osaka’s IR will contribute to the development of the Kansai region after the 2025 Osaka-Kansai Expo and to the growth of Japan. It is expected that it will become a tourist base that spreads the charm of Japan to the world.”

It is understood that the Minister of Land, Infrastructure, Transport and Tourism, Tetsuo Saito, has also given his official approval to Osaka’s IR and will address local media later today.

The Osaka IR will be developed by a consortium led by US casino giant MGM Resorts International and its local partner ORIX at a total cost of around US$9 billion. The project is expected to open in 2029.

IAG also understands that the government is likely to approve Nagasaki’s IR bid in the coming months, pending the results of this weekend’s mayoral election in Sasebo and further analysis of the planned takeover of troubled investment bank Credit Suisse by UBS. Credit Suisse was last year named one of the financiers of the Nagasaki IR project.

If certified, Nagasaki is promising a total investment of around US$3.2 billion into its IR, to be located in Sasebo City alongside Huis Ten Bosch theme park.

Both Osaka and Nagasaki submitted their IR submissions to the central government in April 2022.

RelatedPosts

Japan’s Dynam reopens 101 pachinko halls after some closure requests lifted

Dynam Japan continues pachinko hall rationalization as revenues fall again in FY25

Tue 27 May 2025 at 06:45
Two-day Japan IR Online Forum to start today

Japanese said to have gambled US$45 billion on illegal overseas betting sites in 2024

Fri 23 May 2025 at 05:51
Okada Manila recognizes Earth Hour with eco-friendly initiatives

Japan’s Universal falls to US$52 million loss in 1Q25, outlines plan to promote new online gaming platform at Okada Manila

Thu 15 May 2025 at 05:56
Sega Sammy’s FY25 sales hit by decline in pachinko but new gaming segment shows promise

Sega Sammy’s FY25 sales hit by decline in pachinko but new gaming segment shows promise

Tue 13 May 2025 at 05:54
Load More
Tags: Fumio KishidairJapanMGM Resorts InternationalNagasakiOrixOsaka
Share34Share6
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Robert Goldstein to step aside as LVS Chairman and CEO from March 2026, replaced by Patrick Dumont

Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war

by Ben Blaschke
Fri 30 May 2025 at 06:42

Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has bemoaned the lingering impact of the US-China trade war, as well as increased domestic and regional competition and the rise of online gambling across Asia for sustained flatness in the...

Industry hopes Thai Entertainment Complex Roundtable can establish “common ground” with those opposing legal casinos

Industry hopes Thai Entertainment Complex Roundtable can establish “common ground” with those opposing legal casinos

by Ben Blaschke
Fri 30 May 2025 at 05:38

Industry figures taking part in the Thai Entertainment Complex Roundtable (TECR) next Thursday 5 June hope to find common ground with those who oppose Thailand’s Entertainment Complex Bill, citing the opportunity to use an evidence-based approach to achieve outcomes that...

Genting Malaysia misses 4Q24 estimates, slashes dividends as rising costs hurt profitability

Genting Malaysia reports US$613 million in Q1 revenue, impacted by lower VIP at Resorts World Genting

by Ben Blaschke
Fri 30 May 2025 at 05:23

Genting Malaysia reported a 6% decline in group-wide revenue to MYR2.60 billion (US$613 million) in the three months to 31 March 2025, including a 7% drop in revenue at flagship Malaysian property Resorts World Genting (RWG) to MYR1.62 billion (US$382...

Macau’s hotel occupancy rate reaches 89% in July

Macau’s hotel occupancy rate climbed to 87.8% in April

by Pierce Chan
Thu 29 May 2025 at 17:27

Macau’s average hotel occupancy rate rose by 4.7 percentage points year-on-year to 87.8% in April, with the number of guests increasing by 3.4% to 1.2 million. According to data from the Statistics and Census Service (DSEC), there were 147 hotel...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English