Japans first IR aims to surpass Asian rivals Macau & Singapore
Senior Managing Executive Officer of ORIX Real Estate Corporation, Toyonori Takahashi, has expressed confidence that Japan’s first integrated resort on Yumeshima island will surpass its Asian competitors in Singapore and Macau. The project, MGM Osaka, is set to commence construction this year.?
In a statement published on the company’s website on 9 January, Takahashi, who also serves as Kansai region representative, forecasts robust visitor numbers from both domestic and international markets.
Takahashi stated, the integrated will attract many visitors and tourists, both from the rest of Japan and from overseas. Importantly, he adds, MGM Osaka will stand up to competition from established IRs in Asia, particularly in Macau and Singapore.
Japan set to open first IR in 2030
His optimism stems from Japan’s diverse attractions, ranging from cuisine to cultural heritage and natural landscapes, which he believes provides the country distinct advantages over its smaller regional rivals.
Japan appears on track to welcome its first 바카라 by 2030. Osaka IR, the operator of Japan’s long-awaited first 바카라 resort, is set to commence construction from April 2025. The operator initially had the right to withdraw if tourism to Japan didn’t recover to pre-pandemic levels or if other financial or logistical hurdles became insurmountable.?
However, as reported by , the operator has now signaled a firm commitment to proceed with construction.
For the unaware, Osaka IR is a joint venture between the Japanese arm of U.S. 바카라 operator MGM Resorts International and Japanese financial service group Orix. MGM and Orix each own a 40 percent stake, with 22 others including Panasonic Holdings and West Japan Railway also contributing.
The operator plans to begin preparatory construction work this month after the city of Osaka hands over the planned site, with a projected opening in autumn 2030.
More integrated ventures planned
Japan’s journey into 바카라 gaming began with its first IR legislation in 2018, when the government made three IR licences available. However, only one licence was issued in 2023, to the MGM and Orix partnership, effectively granting them exclusive rights to 바카라 gaming in the near term.
The development forms part of broader plans for Yumeshima Island, which will first host the 2025 World Expo from April to October.?
The Osaka mayor believes that the city and prefecture have a bright outlook. Following the expo’s conclusion, the 1.5 million-square-metre site will be transformed into either a motor racing circuit or a water-themed resort facility, according to .
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