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Japan – Osaka needs a casino to help fund World Expo 2025

Officials in Osaka have gone public on the need for an Integrated Casino Resort to help fund the cost of hosting World Expo 2025 which have been pitched at about JPY125bn (US$1.1bn).

The reward would be a casino on the man-made site called Yumeshima or Dream island in the Japanese city of Osaka, a large port city and commercial centre on the Japanese island of Honshu. The local government will fund 33 per cent of the total of the total cost and wants a casino group to fund another third as any casino would be built at the same location. The casino group might also have to fund costs for a subway link to from Yumeshima Island to the city at an estimated cost of US$641m.

Eleven international casino operators are believed to be interested in developing an Integrated Resort in Osaka according to prefectural records. Melco Resorts has its sights firmly set on Osaka and has sponsored several events and donated money to a natural disaster preparation cause. Last year, Lawrence Ho, the owner of Melco Resorts went public saying he’d prefer to build a casino in Osaka rather than Tokyo.

Ako Shiraogawa, prezident Melco Japan, povedal: „Urobíme potrebné investície. A to aj v prípade, že sú zavedené prísne podmienky a najprísnejšie nariadenia na svete. V Japonsku budeme robiť to, čo sme robili od prvého dňa, stavať s miestnymi partnermi, investovať do mimoriadnej svetovej architektúry a dizajnu, vytvárať sofistikované zábavné zážitky.“

Caesars and MGM have both registered their interest.