![]() ![]() This story has been corrected to show the planned cost of the project is 1.08 trillion yen, not 1.8 trillion.Ĭopyright 2023 The Associated Press. ![]() The Nikkei business newspaper said it recently surveyed Osaka residents and found that their opinions were divided, with 45% in favor of the casino plan and 38% against it. Past attempts to build casinos have failed, often because of strong public opposition to gambling, even though state-run wagering on horse and boat racing is extremely popular. But experts say its business could shrink in the future in a country with a rapidly aging and declining population. Osaka is close to other attractions such as Universal Studios Japan and the tourist destination of Kyoto. financial services group, and a number of regional investors. casino operator MGM Resorts International, Japan’s Orix Corp. The resort will be operated by Osaka IR KK, established by the Japanese subsidiary of U.S. Most of the revenue is expected to come from the casino. November 16-18, 2023 FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2023 PACKAGES Lock in the most iconic track-side resorts, exclusive experiences, and bragging rights to last a lifetime with exclusive MGM Rewards room and ticket packages. The planned 1.08 trillion yen ($8 billion) project, submitted last year, will be located on an artificial island and is projected to have 20 million visitors and 520 billion yen ($3.9 billion) in revenue annually. Luxury Hotel Las Vegas Resorts NoMad Hotel at Park MGM Las Vegas. ![]()
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