. Osaka starts selection process for IR operator | Meetings & Conventions Asia

Osaka starts selection process for IR operator

MGM, Galaxy Entertainment Group, Genting Singapore reported to be vying to open integrated resort in Japan’s third-largest city

ezxosaka271219Osaka is bidding to be one of three Japanese cities to open an integrated resort.

TOKYO - Prefectural and local governments in Osaka have started the selection process to choose an operator for an integrated resort in the Japanese city. That puts it ahead of competing Japanese regions in the quest to become home to one of the country's first three gaming properties.

Osaka governor Hirofumi Yoshimura had said in an earlier report that the prefecture and city would begin talks with gaming companies in December, and the winning bid would be announced in the second quarter of 2020.

It is believed MGM Resorts International, Galaxy Entertainment Group, and Genting Singapore are the gaming companies in contention.

The proposed Integrated resort is expected to be fully functional by the end of the first quarter of 2027.

The Japanese government is expected to select cities for three gaming venues in 2021.

Authorities in Osaka had revealed a process in which bidders will be awarded points for various elements of their proposals. The maximum score for the overall pitch would be 260 points, with up to 200 additional points available for the ability to create top-flight MICE business, and luring tourists from other parts of Japan, among others.

Another critical criteria is the financial stability of the bidders.