{"id":99125,"date":"2019-02-23T04:29:35","date_gmt":"2019-02-23T12:29:35","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=99125"},"modified":"2019-02-23T04:29:35","modified_gmt":"2019-02-23T12:29:35","slug":"worlds-biggest-operators-circle-osaka-as-they-scrap-for-license","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/","title":{"rendered":"World\u2019s Biggest Operators Circle Osaka as They Prepare to Scrap for Casino License"},"content":{"rendered":"

Osaka is emerging as the favored destination for a Japanese integrated resort among many of the world\u2019s biggest international casino operators, including LVS, MGM, Galaxy, and Melco.<\/p>\n

\"Osaka\"
LVS managing director of global development George Tanasijevich made it clear this week was Osaka was the company\u2019s number-one choice for an integrated resort in Japan, but he was cautious not to burn his bridges with Tokyo and Yokohama. (Image: Straits Times)<\/figcaption><\/figure>\n

That\u2019s good news for Osaka, but it also sets the stage for intriguing battle between corporate heavyweights as each seeks to convince the city its proposal is the best fit.<\/p>\n

Osaka city and prefecture is expected to invite ideas<\/a> from operators publicly this spring, with the goal of making its ultimate choice in the summer.<\/p>\n

Japan\u2019s third biggest metropolis is by far the most enthusiastic of the three favorites to win the three licenses, which have been made possible by Japan\u2019s integrated resorts implementation bill. While the others, Tokyo and Yokohama, have commissioned impact studies into hosting resorts, they remain lukewarm on a concept that does not have widespread public support.<\/p>\n

LVS Looking for Partners<\/strong><\/h2>\n

LVS declared its interest in Japan long before parliament voted to legalize casino gaming in late 2017. As early as 2014, the company\u2019s CEO and chairman Sheldon Adelson vowed to invest $10 billion to gain a foothold in what is expected to quickly become the second-biggest casino gaming market in the world, after Macau. The same year, LVS established offices in Japan.<\/p>\n

LVS has been strangely silent on the issue in recent months, but on Thursday its managing director of global development George Tanasijevich said the operator was currently looking for local companies in Osaka to partner with for an integrated resort project.<\/p>\n

We are consulting with companies who have expertise and are willing to help us deepen our understanding of Japanese business practice and culture. It is a company that we can cooperate with to prepare a strong bid and lead us both to success,\u201d he said.<\/p><\/blockquote>\n

Unwilling to burn any bridges just yet, though, Tanasijevich added that LVS’s plans would also be suitable for Tokyo and Yokohama.<\/p>\n

MGM is \u201cOsaka First\u201d <\/strong><\/h2>\n

Last week MGM Resorts CEO Jim Murren announced his company had opened offices in Osaka<\/a> and had adopted an \u201cOsaka first\u201d policy.<\/p>\n

\u201cWe think Osaka will be one of the three concessions that will likely be granted, but we know the central government has to select Osaka and its operator. That probably happens maybe 12, 18 months after Osaka itself picks its operator,\u201d said Murren. \u201cOsaka\u2019s goal is to have an IR opened by 2025. That\u2019s when the World Expo is in Osaka.\u201d<\/p>\n

The city will host the World Expo on Yumeshima Island — a reclaimed landfill site, which will also be the location of its future integrated resort. The island has been branded a \u201cnegative legacy\u201d after numerous failed attempts to find a meaningful use for it.<\/p>\n

This week, mayor Hirofumi Yoshimura announced a new plan to bring an F1 Grans Prix to Yumeshima with the help of casino investment.<\/p>\n

\u201cIf we can attract investment from the world, we\u2019ll be able to achieve things we currently can\u2019t realize in Japan,\u201d said Yoshimura. \u201cRacing on a street circuit might be achievable at Yumeshima.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Osaka is emerging as the favored destination for a Japanese integrated resort among many of the world\u2019s biggest international casino operators, including LVS, MGM, Galaxy, and Melco. That\u2019s good news for Osaka, but it also sets the stage for intriguing battle between corporate heavyweights as each seeks to convince the city its proposal is the […]<\/p>\n","protected":false},"author":36,"featured_media":99127,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13],"tags":[],"acf":[],"yoast_head":"\nWorld\u2019s Biggest Operators Circle Osaka as They Scrap for License<\/title>\n<meta name=\"description\" content=\"A Tokyo casino would dominate the future Japanese casino market but there has been no indication it intended to apply for a license \u2013 until now.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World\u2019s Biggest Operators Circle Osaka as They Scrap for License\" \/>\n<meta property=\"og:description\" content=\"A Tokyo casino would dominate the future Japanese casino market but there has been no indication it intended to apply for a license \u2013 until now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-23T12:29:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/02\/GEORGE.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1033\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/\",\"url\":\"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/\",\"name\":\"World\u2019s Biggest Operators Circle Osaka as They Scrap for License\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/02\/GEORGE.png\",\"datePublished\":\"2019-02-23T12:29:35+00:00\",\"dateModified\":\"2019-02-23T12:29:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"A Tokyo casino would dominate the future Japanese casino market but there has been no indication it intended to apply for a license \u2013 until now.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-operators-circle-osaka-as-they-scrap-for-license\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/02\/GEORGE.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/02\/GEORGE.png\",\"width\":1033,\"height\":533,\"caption\":\"LVS managing director of global development George Tanasijevich made it clear this week was Osaka was the company\u2019s number choice for an integrated resort in Japan, but he was cautious not to burn his bridges with Tokyo and Yokohama. 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