MGM and Orix form first Japan IR consortium
Tuesday 26 de March 2019 / 13:26
2 minutos de lectura
(Japan).- MGM Resorts is set to become the first international operator to formally enter into a consortium in pursuit of a Japan integrated resort (IR) license after partnering with Japanese leasing giant Orix.
Orix said last Friday that it would enter a consortia deal with Orix as equal partners with an eye on the development and operation of an IR in Osaka. The Nikkei quoted Orix CEO Makoto Inoue as stating, “We are considering teaming up with MGM” for business operations in Osaka. This is the first major Japanese domestic company to throw its hat in the ring for an IR.
According to Orix, a Memorandum of Understanding was signed by the two companies in late 2018. Operation of the IR will be undertaken by the consortium, while casino operations will be handled by MGM. Orix has also approached numerous Kansai companies to participate in this consortium.
MGM Chairman and CEO Jim Murren announced an “Osaka First” policy at the beginning of this year with regards to an IR bid for the city in 2024. At a press conference in Tokyo last week he doubled down on that bid, stating, “We want to build IR in Yumeshima, Osaka. We want to work with local business to build an IR unique to Japan so that the world will know what this country has to offer.”
Categoría:Casino
País: Japan
Event
GAT EXPO CARTAGENA DE INDIAS 2024
09 de April 2024
Gaming Overview in Peru at GAT Expo: challenges and opportunities in times of change
(Cartagena de Indias, SoloAzar Exclusive) - "Gaming market in Peru, physical casinos and the impact of online gaming regulation" was the main topic of the Peru Panel, during the Conferences organised at the GAT EXPO, held in Colombia, on 9, 10 and 11 April. In this session, experts in regulation, operations and compliance explored the trajectory of the gaming industry in that country, analysing its transformation over time.
Thursday 02 May 2024 / 12:00
AI: The new ace in the hole for the games of chance industry
(Cartagena, Exclusive SoloAzar).- One of the conferences held within the recent GAT EXPO, brings to the table a topic that is on everyone's lips: Artificial Intelligence (AI). This year, the panel entitled “Artificial Intelligence in the Entertainment Industry” was held with the presence of prominent experts from Latin America.
Tuesday 30 Apr 2024 / 12:00
Why to invest in Paraguay?
(Cartagena de Indias, Exclusive SoloAzar) - During the conferences organised at the GAT EXPO 2024 fair, Dr. Carlos Augusto Liseras Osorio, president of the National Gaming Commission, (CONAJZAR, in its original) asked this tacit question, to highlight the advantages and benefits of investing in the Republic of Paraguay, and also notifying the audience about the upcoming tenders for 7 land-based casinos in that country.
Monday 29 Apr 2024 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.