Asia
Osaka Assigns US$4.5M to IR Development in 2023 Budget

Osaka’s prefectural and city authorities have allotted US$4.5m in the budget for the forthcoming fiscal year to their joint pursuit of an integrated resort (IR) with a casino. This represents a 6.4% decrease from financial year 2022.
The Osaka IR promotion bureau will receive the budget allocation, with JPY115m intended for “political measures” and the remaining funds for personnel expenses. MGM Resorts International is part of a consortium with ORIX that was selected as Osaka’s IR partner for its bid to host an IR. MGM-Orix has proposed to invest US$8.38bn.
MGM hopes to open the IR by the end of 2029, but president and CEO Bill Hornbuckle has expressed frustration at the government’s lack of response to its proposal, warning that the target could be missed. The licensing process is currently being overseen by the Ministry of Land, Transport and Infrastructure.
The Osaka proposal includes three hotels providing approximately 2500 rooms, a MICE facility measuring 68,000 square meters, a 3500-seat theatre and various Japanese cultural experiences and retail facilities. It would employ about 15,000 people.
-
Asia7 days ago
Digital gaming disruption tackled in 1st AsPac Regulators’ Forum
-
Africa7 days ago
BetKing Renews Ikorodu City FC Partnership for 2025/26 NPFL Season
-
Compliance Updates7 days ago
Kongebonus statement: Norway’s election result signals gambling policy continuity, but licensing debate is set to intensify
-
Balkans7 days ago
BEGE Awards Nominations Now Open – Celebrating 16 Years of Industry Excellence!
-
Latest News7 days ago
Win a Fruity Fortune in BGaming’s Bonanza Trillion
-
Latest News7 days ago
Answer the Call of the Wild: ELA Games Unveils Its Latest Game “Buffalo Force”
-
Latest News7 days ago
Slots Temple Announces Exclusive Free-to-Play Tournament Partnership with Pragmatic Play
-
Latest News7 days ago
Saddle up for big wins under the Bison Moon with the latest slot from Northern Lights Gaming