Japan confirms to construct the first casino-resort in Osaka

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Japan confirms to construct the first casino-resort in Osaka

The Japanese government gave its confirmation to Osaka Prefecture and the City of Osaka’s suggestion to establish the inaugural casinoresort in the country by 2029.

With the lifting of traveling limitations and restrictions, occurred in result of global pandemic, several domestic administrations are reconsidering the concept of drawing in tourists to an integrated resort that encompasses a sizable hotel, and casino spaces, as well as conference facilities.

On the manmade island of Yumeshima, Osaka Bay, the governments have set a target of starting the establishment in the autumnwinter season of 2029.

Through the collaboration of MGM Resorts International from the US and Japan’s Orix, the establishment is projected to lure annually approximately twenty millions visitors and deliver an economic boost of ¥1.14 trillion per year (which is about $9 billion) to this unique region of Japan.

The year 2018 saw the enactment of a law that permitted the establishment of up to 3 resorts in Japan. However, attempts to jumpstart the economy by means of casinos were met with public resistance primarily due to worries about the adverse effects of gambling.

Furthermore, the progress was hindered by failures amid the pandemic, the exit of other casinos, and a bribery debate that caused the detention of a politician who advocated for the legalization of casinos in 2019.

Additionally, the endorsement of the Osaka project, which was anticipated in the previous year, was postponed due to worries related to soil contamination and the risk of liquefaction on Yumeshima.