The Government of Osaka in Japan plans to launch next year a process to select an operator regarding the City’s bid to host a casino resort. The likely move for a so called integrated resort follow Osaka’s successful bid to host the world expo 2025.
The Bureau international des expositions in Paris announced on Friday that Osaka Would host the World expo 2025, after beating respecting rivals bids from Russia’s Yekaterinburg. It is second time the international fair will be held in the Japanese City.
The local government has also consistently voiced support for accommodating a resort on Yumeshima, as a way to boost tourism to the region. Up to three IRs will be permitted at yet to be determined locations across the country under a first wave of liberalisation.
Japanese Brokerage Nomura and his team has said that, “This would likely stimulate redevelopment around Yumeshima, and benefit companies with real estate in the area and Osaka based construction companies” the team said. “We also believe that drawing more foreign visitors to the area would increase the stability and growth prospects for the many hotels already being developed in the area”.
According to the information gathered by GGRAsia, any company which is wishing to develop an IR in Yumeshima should make use of the infrastructure that will be developed for the World Expo 2025.