Today, Japan’s national government officially approved a plan to construct the country’s first integrated casino-resort in the western city of Osaka, allowing the 1.8 trillion yen, which is approximately $13.5 billion, integrated casino-resort to officially open in 2029.
Events leading to official approval:
The national government decided to approve Osaka’s first IR after the pro-casino Japan Innovation Party kept the prefectural governor and city major offices in Osaka on Sunday.
In this regard, ORIX, MGM Resorts International and Osaka’s city and prefecture governments said: “We welcome the approval and will work together to develop the project.”
However, the government’s casino plans have been hindered in the past by the COVID-19 pandemic and a corruption scandal in 2019 during that saw the detention of a lawmaker campaigning for the legalization of casinos. In addition, Caesars Entertainment Corp., Las Vegas Sands Corp. and Wynn Resorts Limited pulled out from the intended projects
Events leading to official approval:
The national government decided to approve Osaka’s first IR after the pro-casino Japan Innovation Party kept the prefectural governor and city major offices in Osaka on Sunday.
In this regard, ORIX, MGM Resorts International and Osaka’s city and prefecture governments said: “We welcome the approval and will work together to develop the project.”
However, the government’s casino plans have been hindered in the past by the COVID-19 pandemic and a corruption scandal in 2019 during that saw the detention of a lawmaker campaigning for the legalization of casinos. In addition, Caesars Entertainment Corp., Las Vegas Sands Corp. and Wynn Resorts Limited pulled out from the intended projects
