MGM Resorts proposed building a $9 billion casino resort in Osaka, reinvigorating a push to open Japan’s first casino facility
Osaka, the core of Japan’s second most-populous region after the Tokyo area, has been among the. The city has offered Yumeshima, or “dream island,” a man-made patch in Osaka Bay, for a casino-centered resort.
Osaka Gov. Hirofumi Yoshimura said Wednesday that Osaka has received a proposal from MGM and Japanese financial-services company Orix Corp. to spend ¥1 trillion, equivalent to about $9 billion, to build a casino resort. They are the only group pursuing such a project in Osaka. While the Osaka government hasn’t officially given the consortium’s plan the go-ahead, Mr. Yoshimura hailed the proposal. “I would like to invite the world’s best integrated resort to Yumeshima where many people in Japan and abroad can come and enjoy Osaka after the pandemic is over,” Mr. Yoshimura said.
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