Given the popularity that is enormous of pachinko games in Japan, casino operators are clamoring for a shot at a soon-to-be legal Osaka casino (Image: tokyoweekender)
The competition for a casino in Japan is starting to heat up, and it appears as though Osaka will be the top target of investors and casino developers worldwide. At the moment, at least three major casino operators come in talks with the Osaka government about plans to create a massive casino resort one that might cost up to 500 billion yen ($4.8 billion) to finish.
Aiming for Olympic Game Openings
And all of these talks are occurring even before Japan has actually legalized casino gambling. Most operators expect them to do this with time for the very first casinos to go live ahead of the 2020 Summer Olympics, which is hosted by Tokyo.
‘It’s only a matter of time before casinos are legalized,’ said Ichiro Matsui, Osaka Prefecture Governor.
Osaka officials met with representatives from Caesars Entertainment and Genting Singapore a year ago, and expect you’ll stay down with a group from MGM Resorts International early this year. All three are seeking to place a casino in Osaka, the second-largest city in Japan.
The casino would be placed on likely reclaimed land owned by the city specifically, Yumeshima, an island in Osaka Bay. The idea from Osaka’s viewpoint is to get a hop on Tokyo, that will be the target that is prime of developers on