MGM Resorts partners with Orix in Osaka casino bid

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6 Biggest Countries by Casino Revenue

Casinos significantly impact the global economy, with the market projected to reach over US$100.90bn in 2024. This figure highlights the important role of gambling establishments worldwide. They create jobs and increase tourism. This attracts visitors from all over. More visitors help local businesses like hotels and restaurants. They also boost…

Finance ・ 29 May 2024

GGRAsia

Japan anonymous crime tips system to cover online gambling

Japan's National Police Agency will widen the scope of its anonymous crime reporting system from October 1 to include tips on operators of illegal gambling websites. The move comes as the National Police Agency strengthens its countermeasures against online gambling. The police said on Tuesday it would also raise the maximum reward for an anonymous…

Incidents ・ 15 September 2023

Yogonet

Osaka casino resort opening delayed to autumn 2030; initial investment increases to $8.6 billion

In an announcement on Tuesday, the Osaka prefectural and municipal governments have confirmed a delay in the opening of the much-anticipated first casino resort in Japan, pushing the expected launch to around autumn 2030. Originally, when the local governments submitted their development plan to the central government in April 2022, the resort's…

Travel ・ 06 September 2023

Times Of Casino

Japan to Open its First ever Casino

Japan has approved an incredible $8.1 billion (1.08 trillion yen) deal for a resort to be built in Osaka. This will be the countries first ever casino, following a recent law that was passed in 2018 to legalise gambling in the country. The project has many backers. The U.S casino operator MGM Resorts and Japanese based ORIX Group both own a 40%…

Travel ・ 19 April 2023

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MGM Resorts' Integrated Resort in Osaka Set To Be Japan's First Casino

With the certification of its area development plan, MGM Resorts International has full regulatory approval for its $10 billion integrated resort in Osaka. The approval from Japan's Ministry of Land, Infrastructure, Transport and Tourism allows the company's regional operations, MGM Resorts Japan, to move forward with its partners to finalize…

Industry ・ 17 April 2023

The Washington Post

Japan approves plan for country's first casino resort

Japan has approved plans for the nation's first casino, paving the way to open up what is seen as one of Asia's largest untapped casino markets. To be located on Yumeshima, an artificial island in Osaka, the casino will be part of a 1.08 trillion yen (about $8.1 billion) "integrated resort." With a theater, art museum, conference hall and other…

Travel ・ 15 April 2023

Firstpost

Japan is getting its first-ever casino. Why is everyone not on board?

Japan has given the nod to build the country's first casino in the western port city of Osaka. The gambling resort, which has divided the East Asian country, is scheduled to open in 2029. With the resort, Japan aims to lure domestic and global tourist spending. Prime Minster Fumio Kishida said the casino complex would "become a tourism base that…

Travel ・ 15 April 2023

Review Journal

MGM Resorts approved to build casino resort in Osaka, Japan

MGM Resorts International has received official approval to build a casino resort in Japan. The company announced Friday that Japan's Ministry of Land, Infrastructure, Transport and Tourism has officially certified its Area Development Plan. "It is an honor to be selected by the Government of Japan to develop a tourism project of this scale," MGM…

Land-based ・ 15 April 2023

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Asahi

Japan approves Osaka as site of country’s first casino

Japan on Friday approved a plan to build the country's first casino in the western city of Osaka, paving the way for a large resort aimed at attracting domestic and international tourist spending. Put forth by the city and Osaka prefecture, the project aims to open a casino, conference center and other facilities in 2029 with 1.8 trillion yen…

Travel ・ 03 December 2023

Vegas Inc

Japan approves plan to open first casino to lure tourists

Protesters gather in front of Osaka prefectural head office in Osaka, western Japan after Japan's government approved a controversial plan to open its first casino in Osaka, Friday, April 14, 2023. Updated 2 hours, 3 minutes ago TOKYO - Japan's government on Friday approved a controversial plan to open the country's first casino in the city of…

Travel ・ 15 April 2023

Reuters

Japan approves $13.5 billion Osaka resort, country's first casino

MGM Resorts, Orix to own 40% each Resort set to open in 2029 Will include hotel, shopping mall, ferry terminal TOKYO, April 14 (Reuters) - Japan on Friday approved a plan to build the country's first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to open in 2029, aimed at attracting domestic…

Travel ・ 14 April 2023

Real Money

Japan Approves First Casino Resort in Win for MGM Resorts and Orix

The Japanese government on Friday approved the plan to build the country's first casino resort. The project is due to be developed on an artificial island in Osaka by Las Vegas-based MGM Resorts International (MGM) and its local partner, the Tokyo-based consumer credit company Orix Corp. (T:8591 and (IX)). Technically speaking, the winning idea has…

Travel ・ 14 April 2023

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Vegas Slots Online

Opening of Nagasaki, Osaka Casino Resorts Facing Delays

The opening of casino resorts in Nagasaki and Osaka could now be delayed due to additional screening. [Image: Shutterstock.com] It seems the opening of casinos in the Japanese prefectures of Nagasaki and Osaka might have to wait a while longer than expected. On Thursday, Japan's land ministry said it seems unlikely that officials will decide on…

Land-based ・ 08 December 2022

Gambling News

Osaka Reveals New Department to Fight Gambling Addiction

Osaka is determined to secure the rights to host Japan's first Integrated Resort project. To get there, it needs to demonstrate financial feasibility, long-term prospects, and a clear-cut regulatory framework that follows in the best principles outlined by the government. One such principle is commitment to tackling problem gambling. To this end,…

Gambling Addiction ・ 27 October 2022

World Casino News

Osaka officials propose draft safer gambling ordinance

As they look to secure one of Japan's coming trio of casino licenses and officials in the city of Osaka have reportedly put forward a draft ordinance that would seek to institute measures for the countering of gambling addictions. According to a report from GGRAsia, the legislation provisionally approved yesterday is thought to be the first of its…

Law ・ 27 October 2022

Gambling News

Nagasaki and Osaka Submit Applications for Integrated Casino Resort

Japanese Prefectures of Osaka and Nagasaki have submitted their applications to the national government on Tuesday, two days before the deadline day for submissions, Inside Asia Gaming reported. As reported earlier, both Osaka and Nagasaki received final approvals from their respective assemblies, and the submission of their applications within the…

Travel ・ 27 April 2022

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Western Japan prefecture pulls out of bid to host casino resort

WAKAYAMA, Japan (Kyodo) -- The assembly of a western Japan prefecture on Wednesday voted down a bid by its government to host a casino resort, leaving now only two other candidate sites and dealing a further blow to the country's plan to stimulate the economy through the gambling industry. The rejection by the Wakayama prefectural assembly is the…

Travel ・ 20 April 2022

The Guardian

Backlash in Osaka as ‘Dream Island’ leads race to open Japan’s first casino

The focus of Japan's quest to open its first casino is a human-made island in Osaka that, if the city's government gets its way, will end decades of wrangling over the country's fraught relationship with poker tables and slot machines. On a recent weekday morning there was little to suggest that Yumeshima - "Dream Island" - could, by the end of the…

Travel ・ 12 April 2022

The Nevada Independent

Indy Gaming: MGM’s $10 billion project in Osaka approved by Japan as the country’s first casino

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz More than a decade ago, Nevada's major…

Industry ・ 20 April 2023

Patch

Only One Las Vegas Casino Operator Remains In The Hunt For A Gaming License In Japan

MGM Resorts International took a major step Tuesday toward earning a Japanese integrated resort license when the city of Osaka endorsed the company's plans for the country's first large-scale casino. But the move may have closed the door for other Las Vegas-based casino operators. Osaka selected MGM Resorts and its Japan-based joint-venture partner…

Land-based ・ 06 October 2021

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Nikkei Asia

Yokohama mayor-elect deals Japan's casino dream a fresh blow -Nikkei Asia

ERI SUGIURA, Nikkei staff writer TOKYO -- The result of the Yokohama mayoral election on Sunday has cast another shadow over Japan's ambitions to build massive casino resorts, a drive that was already under strain due to the withdrawal of interest by key foreign players amid the COVID-19 pandemic. Takeharu Yamanaka, a former professor at Yokohama…

Covid ・ 24 August 2021

Vegas Slots Online

MGM Consortium Unveils Plans for $9bn Casino in Osaka

MGM Resorts International has now put forward its plans for a casino resort project in the Japanese prefecture of Osaka which will involve an investment of more than $9bn. [Image: Shutterstock.com] A consortium led by MGM Resorts International is the only contender to develop and operate a casino in Osaka, Japan. Now, it has finally revealed what…

Covid ・ 22 July 2021

Reuters

MGM resorts, Orix submit proposal to build first casino in Japan

July 21 (Reuters) - U.S. Casino operator MGM Resorts International (MGM.N) and partner Orix Corp (8591.T) have submitted a proposal to build their first casino resort in Japan, the financial services group said on Wednesday. The proposal to develop a casino complex at Osaka will be reviewed by regulatory authorities and an operator will be selected…

Travel ・ 24 July 2021

Texas News Today

MGM Resorts Unveils $ 9 Billion Casino Plan in Japan

International has officially proposed to build a $ 9 billion casino resort in Osaka, revitalizing the impetus to open Japan's first casino gambling facility after a pandemic-related delay. Global casino operators have been looking for opportunities since Japan legalized casinos in 2018, but the process went slowly and some companies withdrew their…

Travel ・ 21 July 2021