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Japan to Get First Casino
In some countries, casinos are banned by law, but others change their view on the matter in time. Japan happens to be such a country. In 2018 a law was proposed to create 3 integrated resorts with hotels and casino areas, but the idea was quickly dropped.
Recently, the city and prefecture of Osaka have changed its mind about opening a casino resort. The Japanese government and concerned parties are looking to create the necessary licenses and legislation for the project to move forward. It’s expected that the casino will open in 2029.
An Idea in Development
The casino resort will hold a variety of facilities such as casino or gaming areas, a hotel, and some conference rooms. The idea came to certain officials after the pandemic as there was a need to boost the economy. With this project, they would attract tourists to what’s called an IR or integrated resort.
The prefectural and city governments of Osaka have decided to partner with a popular casino brand. The brand in question is MGM Resorts International. MGM will work with Orix, a Japanese gaming brand, to create the first integrated resort in the city.
It is estimated that this resort will bring around 200 million visitors each year. Another estimation shows that the resort will generate around $8.5 billion for the economy of Western Japan. The project has been viewed positively by government officials as it will boost the community as well.
Osaka is looking to give an array of construction jobs when the project is going to be in its building phase. Naturally, the hotel and casino areas will need staffing which is why the companies behind the project will be turning to the community of Osaka again. The economic benefit was discussed above and the government will also get its fair share in tax revenue.
The project is still in its infancy and the casino is expected to open in the fall or winter of 2029. The officials behind the projects are covering all the details now so they don’t have to worry about them later.
Conclusion
Japan is about to get its first casino or rather integrated resort that will have casino areas and a hotel with some conference rooms. The officials behind the project are ironing out the details of the project that’s expected to come to life in 2029. Osaka has been chosen as the location for this integrated resort.
