Morgan Stanley projects a casino in Osaka could generate $4 billion a year in gross gambling revenue.<\/p>\n
Abe’s IR bill still has many details to iron out before Japan will take its first legal commercial casino wager. Most importantly is determining where the properties will be approved.<\/p>\n
Tokyo, Osaka, and Yokohama have long thought to be the likeliest prefectures for the casinos. But officials in Tokyo and Yokohama have yet to welcome the idea of approving such a venue.<\/p>\n
\nTokyo has not raised its hand, Yokohama has not raised its hand. Osaka has raised its hand,” MGM Executive VP of Global Development Ed Bowers told Reuters<\/i>.<\/p>\n<\/blockquote>\n
Matsui supports a casino in an effort to grow tourism to the prefecture, which will add jobs and increase tax revenue. He’s earmarked Yumeshima for the IR, a man-made island built in the 1970s that’s fallen on hard times after factories closed shop in recent years.<\/p>\n","protected":false},"excerpt":{"rendered":"
US and international casino operators are going all-in on Osaka, the prefecture that’s expected to win the first of three integrated resort licenses in Japan. Reuters reports this week that Melco Resorts and MGM Resorts both recently sponsored activities in the country’s third most populated prefecture. Osaka is home to roughly 8.8 million people. Led […]<\/p>\n","protected":false},"author":25,"featured_media":86178,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,18,13592],"tags":[],"acf":[],"yoast_head":"\n
Casino Operators Courting Osaka Officials for First Japanese License<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n