
The island of Yumeshima, where Osaka Prefecture and the city of Osaka seek to host an integrated resort, is seen.
17:52 JST, September 6, 2023
OSAKA (Jiji Press) — The Osaka prefectural and municipal governments said Tuesday that they will delay the opening of a planned casino resort to around autumn 2030.
When the local governments submitted their development plan to the central government in April 2022, the resort was scheduled to open around autumn and winter 2029. The delay is because the plan did not win central government approval until April this year.
The Osaka governments also said that the amount of initial investment will increase to ¥1.27 trillion from the previously planned ¥1.08 trillion due to soaring construction material prices.
Once the revised plan receives central government approval, the Osaka governments aim to sign a contract with the operator of the casino resort as early as this month.
A company led by U.S. casino giant MGM Resorts International and Orix Corp. will construct and operate the resort to be built on the Yumeshima artificial island in Osaka Bay.
The opening of the casino resort “will be postponed for a year due to various procedures. This is an appropriate timing,” Osaka Gov. Hirofumi Yoshimura told reporters.
"Politics" POPULAR ARTICLE
-
Japan Presses U.S. to Scrap 25% Auto Tariffs as Ishiba Refuses Partial Trade Deal; No Deal Without ‘Total Rollback’
-
LDP to Forgo Compiling Selective Surname Bill During Current Diet Session
-
Japanese Govt on High Alert after Chinese Aircraft Intrusion into Territorial Airspace near Senkaku Islands in Okinawa Pref.
-
Japan Wary of ASEAN Members Shifting Away from U.S.; Ishiba Hopes to Limit Spread of China’s Economic Influence
-
Government Sounding Board Flooded With Identical Comments; Experts Warn of Distorted Picture of Public Opinion
JN ACCESS RANKING
-
Core Inflation in Japan’s Capital Sharply Accelerates in April
-
U.S. Holds Fire Over Yen Exchange Rate Targets; Bessent Said to Understand Negative Impact on Markets
-
Japanese Govt Mulls Raising Number of Cars to be Imported Under Simplified Screen System in U.S. Tariff Negotiations
-
Japan Must Take Lead in Maintaining Free Trade System, Says Chairman of Japan Trade Group
-
Rents Mark 30-Year-High Rate of Rise; Decrease in Disposable Income May Dampen Personal Consumption