Orix Corporation makes pricey Osaka integrated casino resort pledge
In Japan and local financial services firm Orix Corporation has reportedly committed to spending at least $2.4 billion on the integrated casino resort it is looking to bring to the city of Osaka.
According to a report from Inside Asian Gaming, the revelation comes some seven weeks after the New York and Tokyo-listed entity
was picked alongside collaborator MGM Resorts International to serve as the preferred operating partner for
the Honshu jurisdiction’s tilt at securing one of a nationwide trio of coming 40-year integrated casino resort licenses.
The source detailed that the pair are now working towards securing federal permission for the Las Vegas-style development in hopes of being able to open the venue on a 121-acre portion of the man-made Yumeshima Island by the end of 2029.