Asia

MGM and Las Vegas Sands Applies for Osaka Casino License

Published

6 years ago

May 7, 2019

Niji Narayan

MGM and Las Vegas Sands Applies for Osaka Casino License

Photo Source: reviewjournal.com

Reading Time: < 1 minute

Osaka Prefecture has launched the request-for-concept application process to identify the developers who are interested in building an integrated resort with a casino on the artificial Yumeshima Island in Osaka Bay. MGM Resorts International and Las Vegas Sands are the frontrunners in the race for the license.

Aside from Las Vegas Sands and MGM Resorts International, Lawrence Ho’s Melco Resorts & Entertainment and Wynn Resorts are also among the companies that are believed to be vying for an Osaka license.

The Japanese government is set to grant three gaming licenses for casinos within larger complexes. While the gambling facilities are expected to generate a massive portion of the total revenues of the future integrated resorts, lawmakers have stated that they will only have to represent a tiny portion of the entire property. Casinos will be required to represent no more than 3% of the total floor area of the complexes and the properties will be required to feature a number of non-gambling attractions.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.