More on the recently signed agreement
Osaka IR Corporation, a joint venture between MGM Resorts and Orix Corporation, has signed an agreement with Osaka Prefecture and Osaka City for an integrated resort plan in Yumeshima, Osaka. While the casino has already been approved, this meeting was conducted to agree upon the exact location and development of the Osaka-Yumeshima area-specified complex tourist facility area.Source: https://www.gamblinginsider.com/news/22621/mgm-resorts-and-orix-sign-agreement-with-osaka-for-first-japanese-casinoIt’s believed that the casino will have JPY¥1.8 trillion ($13.5bn) invested into it, with both MGM and Orix having a 40% stake in the company each. The remaining 20% will be split between local, Osaka-based companies, including the railway and electric power companies.