Osaka Casino Resort Implementation Agreement

Akihabara News (Tokyo) — Osaka Prefecture and Osaka City have agreed with the business consortium led by MGM Resorts International and the Orix Corporation to implement the project to build a major casino resort on Yumeshima island.

“This is a significant moment for our company as we officially close the certification process and begin to focus on executing our vision, in partnership with Orix, to build a world-class integrated resort in Osaka,” said Bill Hornbuckle, president and CEO of MGM Resorts. “We remain passionately committed to this project and look forward to bringing Japan and Osaka best-in-class gaming, entertainment, dining, and retail experiences. Our vision is to bring MGM’s ‘wow’ DNA from Las Vegas to Osaka and build a resort that will be a source of great pride in the community.”

The project has now established an English and Japanese language website called Osaka IR KK, naming Ed Bowers (MGM) and Toyonori Takahashi (Orix) as its joint representatives. “IR” refers to the term “Integrated Resort,” which is used by the industry to denote a large casino resort packed with many non-gambling entertainment options and other amenities.

The Ministry of Land, Infrastructure, Transport and Tourism appears set to give its final approval for construction to begin as well.

The current timeline calls for preparatory work such as installing water and electricity next summer, commencing construction of the main facility in the spring of 2025, and a grand opening to the public in the second half of 2030.

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