• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 29 June 2022
  • 中文中文
  • 日本語日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

MGM, ORIX invited to Osaka city council meeting over funding for IR site cleanup

Shintaro Kamimura by Shintaro Kamimura
Wed 9 Mar 2022 at 04:38
Osaka releases main points of proposed regional IR development plan

Osaka’s IR is planned to be developed on the manmade island of Yumeshima.

23
SHARES
583
VIEWS
Print Friendly, PDF & Email

With the imminent Osaka IR bid, the city council decided on 7 March to invite two representatives from Osaka IR – the operating entity jointly established by MGM Resorts Japan and its main consortium partner ORIX – to the next city council meeting. The plan is for them to attend the meeting scheduled for 16 March.

MGM Resorts Japan will be represented by CEO Ed Bowers, while ORIX will be represented by Executive Officer Toyonori Takahashi.

Both are representative directors of Osaka IR, Osaka’s preferred partner for its IR bid. The city council committee made a collective decision to hear the operator’s thoughts after a request by an LDP group to the council.

At Yumeshima, the IR candidate site, land reform construction costs are expected to total JPY 79 billion (US$683 million), which includes JPY 36 billion (US$311 million) for soil contamination countermeasures and JPY 41 billion (US$354 million) for liquefaction countermeasures, which are expected to be borne by public funding, plus other expenses. It seems as though the LDP city council group sees this large amount as an issue and will be checking into how it was determined that this would be a burden of the city.

In February the same group submitted a proposal for a referendum regarding support for the IR bid saying the group would make a judgement based on the results, but Osaka Ishin and the Komeito majority parties opposed the referendum, shooting it down in a majority vote.

After its referendum was denied, the LDP group decided to deepen the discussion around an Osaka IR before making a judgment.

RelatedPosts

Uneasy alliance

Anti-IR group planning to appeal Osaka IR plans to central government

Thu 23 Jun 2022 at 06:20
Taxation tremors

Japan denies reports of eased sports betting restrictions

Thu 9 Jun 2022 at 06:22
Sega Sammy names Tokyo as preferred IR location

Japan PM says online casinos to remain illegal, promises further crackdowns

Fri 3 Jun 2022 at 06:38
Editorial: The Philippines: Asia’s rising star

Editorial: The Philippines: Asia’s rising star

Mon 30 May 2022 at 23:55
Load More
Tags: ed bowersirJapanMGM resorts JapanOrixOsakaYumeshima
Share9Share2
Shintaro Kamimura

Shintaro Kamimura

Shintaro Kamimura (from Tokyo) has worked for many years as a professional mahjong player, mahjong instructor and a writer. He travels far and wide both in Japan and overseas, fine-tuning his already extensive expertise in many areas of gaming, including Japanese pachinko and slot machines, and overseas casinos.

Current Issue

Editorial: The Philippines: Asia’s rising star

Editorial: The Philippines: Asia’s rising star

by Ben Blaschke
Mon 30 May 2022 at 23:55

Macau has for the best part of two decades been recognized as the undisputed king of Asia when it comes...

We’re Back!

We’re Back!

by Ben Blaschke
Mon 30 May 2022 at 23:39

While Macau’s operators have reached nine consecutive quarters of substantial GGR losses, the rest of Asia is opening up and...

Into the Sunset

Into the Sunset

by Pierce Chan
Mon 30 May 2022 at 23:29

Pawnbroking has a long history in Macau, dating all the way back to the late Qing Dynasty. The rapid development...

Metaverse: The ultimate destination marketing tool?

Metaverse: The ultimate destination marketing tool?

by Victoria White
Mon 30 May 2022 at 23:17

In the first of a two-part series, MdME’s Victoria White takes a closer look at the rising world of metaverses...

Related Posts

Confirmed number of COVID cases in Macau reaches 414

Confirmed number of COVID cases in Macau reaches 414

by Pierce Chan
Tue 28 Jun 2022 at 10:39

The number of confirmed positive cases of COVID-19 since the continuing Macau outbreak began on 19 June has reached 414, as of 9am (Macau time) on Tuesday 28 June. There were 57 new cases found in the past 24 hours...

Aristocrat completes US$965 million fundraising exercise for Playtech bid

Aristocrat Gaming names Oriana Branon as Vice President of Communications and Corporate Affairs

by Newsdesk
Tue 28 Jun 2022 at 05:57

Aristocrat Gaming, the gaming division of Aristocrat leisure Ltd’s subsidiary Aristocrat Technologies Inc, has announced the appointment of Oriana Branon as Vice President of Communications and Corporate Affairs. Branon, who previously led corporate communications for financial tech giant Bill.com, will report...

Century Entertainment granted two gaming tables as Ng Man Sun opens new casino in Cambodia’s Dara Sakor

Century Entertainment says loss narrowed for FY22

by Newsdesk
Tue 28 Jun 2022 at 05:26

Century Entertainment International Holdings has issued a profit alert, revealing it expects to narrow its loss attributable to owners of the company to HK$3.3 million (US$421,500) for the year ended 31 March 2022. This is down from a loss of...

SJM confirms casino table, machine limits for Grand Lisboa Palace opening day

Moody’s downgrades SJM’s outlook to negative on Macau COVID concerns

by Ben Blaschke
Tue 28 Jun 2022 at 05:13

Moody’s Investors Service has downgraded the outlook on Macau’s SJM Holdings Ltd and its subsidiary Champion Path Holdings Ltd to negative, citing uncertainty around its recovery runway. The agency has, however, confirmed SJM’s Ba3 corporate family rating (CFR) and the...


HKUST

HKUST

Simple Play

IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • Contributors
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About
  • 日本語

© 2005-2022
Inside Asian Gaming.
All rights reserved.