MGM Osaka
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https://x.com/takacho_01/status/1979092781105832071

Japan to develop tech, tourism hub surrounding MGM Osaka, country’s first casino resort

Following the successful 2025 World Expo, Japan is looking to develop new tech and leisure facilities on Yumeshima Island, the future home of MGM Osaka.

https://igamingbusiness.com/casino/japan-tech-tourism-hub-surrounding-mgm-osaka/?utm_medium=organic_social&utm_campaign=bau_editorial&utm_source=LinkedIn&utm_content=static&utm_term=oct25

https://www.sankei.com/article/20251018-R6DRG2RGIFI2BHKBLZWOZY5U7E/photo/UZXE5NQXTJOFDE5LHU2IOZRPSM/

Source: https://skyskysky.net/construction/202811.html

https://www.linkedin.com/posts/danielcheng52223_japancasinouprising-activity-7182244316893835264-u9Je/

The construction of the integrated resort (IR) MGM Osaka kicked off on Thursday, April 24th, in Osaka, at a location adjacent to the 2025 World Expo venue.

“This would be Japan’s first IR. We’d like to bring economic growth to Osaka and Japan,” Osaka Governor Hirofumi Yoshimura stated during the groundbreaking ceremony hosted by the project’s operator, Osaka IR KK, according to Kyodo News.

The total investment is projected at up to JPY1.6 trillion ($10 billion), positioning it among the world’s most expensive integrated resorts. According to planning documents, the facility will feature 2,500 hotel rooms, a shopping mall, a 3,500-seat theater, spa and fitness center, convention facilities, and diverse dining and entertainment options. Japanese law limits the gaming floor to 3 percent of the total indoor space. The project has already secured a $3.4 billion loan as part of its financing.

Source: https://agbrief.com/news/japan/24/04/2025/construction-of-10b-mgm-osaka-begins/

In a new update, Orix Corporation, MGM Resorts's local partner in the construction of Japan's first integrated resort (IR), said the property will be able to take on "established IRs in Asia, particularly in Macau and Singapore."

MGM Osaka is set to break ground in April 2025 on Yumeshima Island, Osaka Bay. With a projected investment of JPY 1.6 trillion ($10 billion) shared by MGM Resorts, Orix Corporation, and local investors, the development is scheduled to open in fall 2030.

Source: https://www.yogonet.com/international/news/2025/01/16/92056-japan-39s-first-integrated-resort-could-outpace-rivals-in-macau-and-singapore-mgm-39s-local-partner-says

The consortium spearheading the development of Japan's first integrated resort (IR) in Osaka has secured a loan agreement valued at $3.4 billion from a group of banks, according to local media reports.

The venture, Osaka IR Corporation, a collaboration between American gaming giant MGM Resorts International and local partner ORIX, has inked the deal with MUFG Bank Ltd and Mitsui Banking Corporation. This agreement, described as the largest co-financing arrangement in Japan's history, marks a major step forward for the project.
According to reports, two affiliated companies of Hankyu Hanshin Holdings have also opted to invest in the venture. Hankyu Hanshin is a Japanese conglomerate with interests spanning private railway companies including Hankyu Corp and Hanshin Electric Railway Co Ltd.

Source: https://www.yogonet.com/international/news/2024/04/29/71930-mgm-39s-osaka-ir-project-secures-34-billion-funding-through-bank-loan-agreement

Any construction progress?