MGM Teams up with Japanese partner Orix in Bid for Osaka Casino License - Poker/Casino/Betting News from BankrollMob.com
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mar
27

MGM Teams up with Japanese partner Orix in Bid for Osaka Casino License

Tags: Ed Bowers, Japan, MGM Resorts, Orix, Osaka.
Posted on Wednesday, March 27, 2019 by "T".

MGM Resorts and Orix Corporation have formed a partnership in its bid to be chosen by the Osaka prefectural government for an integrated resort (IR) development at Yumeshima.

This is the very first time that an international IR operator has revealed to the public the identity of one of its Japanese consortium partners. Apparently, the partnership between MGM and Orix was made around three months ago (December 2018).

MGM Resorts is the parent company of Macau casino operator MGM China Holdings Ltd.

While the Las Vegas casino operator MGM has initially stated it wanted to be a majority owner in a Japanese integrated resort development, its partner ORIX Group said on March 22, Friday that the end deal may have them hold even stakes in the IR consortium. It has also been revealed that a few Osaka corporations will participate as well in the consortium.

Representative Officer and CEO of MGM Resorts Japan Ed Bowers said, "MGM Resorts confirms that we are working in equal partnership with Orix to create Japan's first integrated resort in Osaka."

Osaka will most likely be one of the hosts of Japan's first casino resorts. The first wave of casino gambling liberalization shall involve the issuance of three gaming licenses. With an obviously strong support from local legislators, the already available venue for a future integrated resort, and its winning bid to host World Expo 2025, Osaka has been considered one of the favorite places in the roster to host a MICE property.

This team up is going to be a very powerful one - MGM Resorts is the IR operator that has openly committed itself to an Osaka bid, whereas Orix is a big financial group with wide interests in the Kansai region, including the operation of Kansai Airports.

Source:
https://asia.nikkei.com/Business/Business-deals/MGM-Resorts-joins-Orix-for-Osaka-casino-bid

 


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14 comments for "MGM Teams up with Japanese partner Orix in Bid for Osaka Casino License"

 CALICUL3/27/2019 11:21:42 AM GMT
This collaboration can be very successful because Japan is a country with great buying power. In the case when they did not have many casinos in their country, they will be able to gather many gamblers and to be a successful business. The future will tell us what will be here.
 Mober3/27/2019 1:56:23 PM GMT
A new market opening in japan with an american company if im not mistaken,
the mgm.
The first ones will get licences will be on for some bug business, thats
why we see partnerships also.
They are trying to get a big piece of the pie, as soon as they can Smile
 doubletop7773/28/2019 8:32:43 AM GMT
This is going to be a massive venture and it is going to be fascinating to see it when it is completed. The Japanese market should be huge, judging by the millions being gambled on the horse racing, and i cant wait to see the finished article
 dule-vu3/28/2019 10:41:54 AM GMT
it would be strange that american dont have something with this new casino,it seems that only company from this country can make this kind of business in japan and other countries where they dont have this kind of entertainment!we will see what this will bring to the japanese as players!
 bowie19843/28/2019 10:53:23 PM GMT
Where is Tony now to comment on any development connected to Japan, lol? I mean kinda make sense, but kinda not. Would be interesting to know which japanese partner corporation has ties to the yakuza, I am not sure MGM knows how are they going to end up in bed with...
 dule-vu3/29/2019 11:14:20 AM GMT
he dont want to be part of this site at forum anymore and dont know why!if he was mad on gambling sites and everything,dont know why problem was with BRM and he wanted to close account here!he probably have more informations about this resort and everything that is happening!
 Mober4/7/2019 12:26:28 PM GMT
Gambling is here and will stay, Every where. Only the means change.
Rules, regulations, private companies or not, it will keep grow.
And it is the online era now that makes it easier.

Less than a week now, they started advertising, that you can play Joker online now,
even from your mobile. They dont want us, to miss a chance getting our money Smile
 bowie19844/7/2019 4:15:36 PM GMT
Posted by Mober:
Less than a week now, they started advertising, that you can play Joker online now,
even from your mobile. They dont want us, to miss a chance getting our money Smile

Haha, you mean 'their money'?
 Mober4/8/2019 12:28:06 PM GMT
Well from the moment you play the game, it is like 99.99% their money Smile
Only if you keep the money in your pockets not playing joker or lotto, the money is yours.
All this years the maximum win i have ever had playing these two games,
was 1.5 euro. In other words, absolutely nothing Smile
 damosk4/9/2019 9:09:45 AM GMT
This is an interesting story and it will be good to see what the final outcome looks like. It looks like it is a very good opportunity for MGM in the Japanese market and also for Orix in the market outside of Japan. The success of this partnership will be big news for both parties so one worth keeping an eye on.
 CALICUL4/11/2019 1:33:58 PM GMT
From my point of view i consider this: This relationship will be successful because Japan is a rich country. People will play in the casino and will bring profit. The Japanese should make a boycott like this casino not to be successful but they have no reason to do this thing. Blink
 bowie19844/15/2019 10:36:39 PM GMT
Posted by damosk:
This is an interesting story and it will be good to see what the final outcome looks like. It looks like it is a very good opportunity for MGM in the Japanese market and also for Orix in the market outside of Japan.

MGM is getting so much 'action' within Asia with this move I think they are starting to stepping on some toes which will bite them in the future.
 pajalnick4/16/2019 8:39:48 AM GMT
as far as I know, the Japanese are quite a gambling people ... therefore, I think this enterprise will be financially successful undoubtedly .... therefore MGM corporation has certainly made a wonderful investment of funds that will definitely return with a large profit ... and for the Japanese there will be good places for entertainment
 Mober4/16/2019 11:57:12 AM GMT
It is not only the japanese. It is the asians in general that are quite addicted to the gamble.
And since they are close, then they will have people coming up from other countries also.
I bet when they get bored, along with a trip combined, china-japan and vice versa, in order to
play in a casino must be something easy and usual for those that can afford it.
Tourists from these countries will visit a casino, no matter what Smile

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