casino operator MGM Resorts International and local partner Orix Corp have spearheaded the Osaka IR project, with each owning a 40% stake in the company set up to manage the complex.Īnother 20 companies including Osaka-based Panasonic, Kansai Electric Power and West Japan Railway hold the remaining 20% stake, according to a local government document. ![]() Put forth by the city and Osaka prefecture, the project aims to open a casino, conference centre and other facilities in 2029 with 1.8 trillion yen ($13.5 billion) of initial investment.Ĭasinos were previously illegal in Japan along with other private gambling, but a 2018 integrated resort (IR) law provided exception to casino games such as poker or baccarat at officially-approved establishments as part of an effort to attract tourists.
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