Posted on: December 6, 2023, 09:03h.
Last updated on: December 6, 2023, 09:03h.
Japan’s integrated resort (IR) casino project is underway after receiving approval for three IR casinos in 2018. The first project on Yumeshima Island in Osaka Bay is spearheaded by MGM Resorts International. The $8.6 billion scheme is expected to open in 2030 and incorporates diverse partnerships, including Panasonic, Kansai Electric, and West Japan Railway. Site preparation alone costs $173 million, showcasing the immense scale of the development.
The MGM Osaka IR will boast about 2,500 guestrooms and a 730,000-square-foot convention space. Notably, the strict gaming bill limits the casino floor area to just 3% of the IR’s indoor square footage.
The onset of the global pandemic further delayed the progress on Japan’s casino law, with major gaming firms withdrawing their interests. However, MGM’s steadfast commitment to the Osaka IR project has kept it afloat in Japan’s casino market.
Apart from MGM’s Osaka project, Casinos Austria in Nagasaki is vying for an approximately $3 billion IR casino venture at the Huis Ten Bosch theme park in Sasebo.