Friday, October 23, 2020

Tag: Osaka

Deferred: Osaka and Wakayama delay RFPs

Japan integrated resort licences delayed
Due to the ongoing coronavirus pandemic, both prefectures have decided to delay the selection of a private-sector partner, a necessary step in order to make a bid for one of Japan’s first three integrated resort licences.

Osaka RFP could be further delayed due to coronavirus

Japan Osaka RFP delay
The regional authorities in Osaka have suggested that the prefecture’s RFP process has been placed on the back-burner while it deals with the immediate issue of the coronavirus pandemic.

2025 deadline for Osaka IR “unlikely”

Osaka IR 2025 Deadline unlikely
While analysts have suggested that the Japanese government will need to resolve several outstanding issues by Q2 2020, in order for Osaka to have an IR open

Osaka says hai to IRs following April elections

Japan Street Osaka
Osaka has launched its request-for-concept application phase with the local government accepting operator proposals to develop an integrated resort in the region, following April’s Unified Local Elections.

Osaka emerges as frontrunner for Japan’s first IR licences

Osaka, Japan, MGM
MGM Resorts CEO James Murren has confirmed the company will be pursing an “Osaka-first strategy” in its bid to secure one of Japan’s three IR licences. MGM Resorts International confirmed that it is looking to build a casino resort in the Japanese prefecture of Osaka during its full-year earnings call on 13 February. “We just recently opened up an office in...

Diet green lights casino legislation

Japan-Tokyo
The second key bill for legalising integrated resorts in Japan has cleared its last major legislative hurdle, paving the way for the development of what some analysts estimate could be a $25bn market. Japan’s Integrated Resorts (IR) Implementation Bill passed into law on 20 July following a vote in a plenary session of the House of Councillors, the upper house...

Melco open Osaka HQ in significant step toward Japanese IR

Osaka Japan
Melco Resorts & Entertainment has opened an office in Osaka in a bid to capitalise on the fledgling Japanese gambling market. The new facility, first mooted in October, is located close to the proposed Osaka Harbour site of the $7.35bn man-made island Yumashima, hailed as the potential home for the city’s gambling industry by 2024. “We will make the necessary investments,”...

Resorts World back on track as Imperial Pacific set for July opening

ICR - Media Watch Japan Imperial Pacific
The finish line is in sight for Saipan’s Imperial Pacific, Resorts World Manila is allowed to reopen with beefed-up security, while Japan’s famous longevity apparently extends to its gambling industry as the authorities close what appears to be one of the country’s oldest illegal venues.   Saipan casino operator Imperial Pacific International Holdings (IPI) will open its permanent gaming venue this...

The Waiting Years: Japanese gaming legislation gradually takes shape

ICR - Japanese gaming bill
Sources in the Japanese government suggest that it’s likely to be August at the earliest before a steering body publishes the outline of the Integrated Resorts (IR) Implementation Bill.   Government sources have suggested that it is likely to be August at the earliest before a steering body made up of Japanese cabinet ministers makes public the outline of the Integrated...

Japanese government begins work on second casino bill

ICR - Japan Casino legislation
The global gaming business is abuzz about Japan’s upcoming casino legalisation, no small wonder considering that experts predict Japan could be the third biggest market globally, trailing behind the US and Macau.   Lawmakers passed a bill last December to legalise casinos, with the first sites predicted to open as soon as 2023. This April, the Japanese government has begun work...

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