Osaka is one of several Japanese cities angling to win one of the first three gaming licenses the Japan will award. Some smaller metropolitan and rural areas are looking to lure integrated resort operators, but Osaka’s primary competitors are Tokyo and Yokohama, Japan’s two biggest cities.
Located on the island of Honshu, Osaka is a port city in the southern part of Japan and home to about 2.6 million residents.
City officials are looking to expedite the process because they’d like a gaming property to be operational by late 2024, in advance of the city hosting the World Expo, which starts in mid-2025. Recently, Osaka leaders said they’re considering a partial opening of the integrated resort to ensure that the operator and the city can take advantage of the increased tourism the World Expo will bring.
What’s Coming Up
Recently, politicians in Osaka have made moves to bolster the city’s chances of becoming one of Japan’s casino gaming destinations. Last month, the construction of a new maritime terminal was revealed, with that port aimed at shuttling workers and visitors to the World Expo and the integrated resort. Lawmakers followed that announcement by saying a few days later that the land transfer for a gaming property will be moved up to 2021 from an original time line of mid-2022
For operators, what could prove integral to success in the bidding process is convincing policymakers and regulators that a late 2024 opening, even if it’s partial, is possible.
MGM executives have previously said the 2025 goal would be tight, but not impossible. Industry analysts believe the company could have an Osaka gaming property operational in advance of the World Expo if it can break ground on the effort by 2021.