Published
Land-BasedLegal & Regulatory

Osaka revises IR Implementation Policy

Osaka has revised its Integrated Resort (IR) Implementation Policy, which includes the opportunity for more operators to apply.

osaka ir

The joint group of MGM Resorts International and ORIX is currently the only participant in Osaka’s operator recruitment. It has now, however, been given the opportunity to amend its application, with the new revisions also allowing further operators to apply.

New operator applications are now open until March, with final proposals due in July. Wynn Resorts, Las Vegas Sands, Melco Resorts & Entertainment, Genting Singapore and Galaxy Entertainment Group have previously withdrawn their interest in the IR.

Japan’s IR Implementation Act requires IRs to integrate a casino, exhibition facilities, international conference halls and large hotels under the same roof, with the exhibition facility and hotel accommodations required to cover at least 20,000 and 100,000 square metres respectively.

Osaka’s Implementation Policy has continuously been in line to meet such standards, but has now for the first time announced a “preparation in stages” approach.

Despite being heavily impacted by the ongoing coronavirus pandemic, MGM Resorts International remains committed to the IR. President and CEO Bill Hornbuckle last week said: “We’ve been in that marketplace a long time. We’re a believer in Asia. We’re a believer in Japan.

“We’ve spent a lot of time and energy becoming the sole one standing at the gate, if you will, in Osaka.”


Asia News Sponsor
Premium+ Connections
Premium

Sport Generate

 
Premium

RISK

 
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
 
Premium

Revsharks

 
Premium

Galaxsys

 
Premium

Lynon

 
Premium

Digitain

 
Premium

1xBet Partners

 
Premium

GammaStack

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...