20 major firms to invest in Osaka casino resort project

The Osaka prefectural and city governments on Dec. 21 announced a plan for developing a casino-centered integrated resort expected to open in 2029 that will be backed by 20 major companies.

Well-known firms such as Panasonic Corp., Suntory Holdings Ltd. and West Japan Railway Co. will invest in the project, according to the details announced.

The resort is planned to be built on the artificial Yumeshima island梦洲 in Osaka Bay.

But the city will need to shoulder about 79 billion yen ($692 million) for soil-improvement measures, including site decontamination and control measures against soil liquefaction, according to the plan.

Both governments announced the basic project plan the same day.

They had initially aimed to open the resort before the 2025 Osaka Kansai Expo. But the plan was delayed significantly due to the COVID-19 pandemic.

Source: https://www.asahi.com/ajw/articles/14507979