Jun 19 (News On Japan) - Japan's tourism and entertainment sector hit a new milestone following the groundbreaking ceremony to celebrate the official beginning of construction of the MGM Casino Resort.
The ceremony marked a historic moment for Japan's casino industry as it is the country's first large-scale entry into the development of integrated casino resorts. It's a huge milestone for Japan and MGM Osaka as they become the first resort casino to get official approval from the government under Japan’s 2018 Integrated Resort (IR) Implementation Law, the legislation that legalised casino gambling in the country.
The trillion-yen mega project is located on Yumeshima Island in Osaka. It is near the official site for the Grand Ring, which is known to be the largest wooden structure in the world and the venue for the EXPO 2025 in Japan. This new development will boost urban transformation in the country and also usher in a new era of technological innovation and economic growth. It is also expected to attract global investors and change tourism in Japan.
For players, they can now enjoy a new world of luxury while entertaining themselves in integrated casino resorts. For those who value privacy and convenience over luxury, offshore casinos make a great alternative. These online casinos allow international players, including those in Japan, to play with no ID verification required. Players don't need to provide lengthy KYC documentation to gain access. They can simply log in, make a deposit, and begin playing instantly. Many such platforms accept major cryptocurrencies like Bitcoin and Ethereum to ease cross-border transactions and security while also maintaining anonymity at the same time.
With these alternatives becoming popular among Japanese gamers and the development of an integrated casino resort, there are hopes that the Kansai region and Japan's tourism and entertainment sector will grow rapidly.
For casino operators, this changes the landscape. It presents a new world of opportunities and holds a lot of promises that will make gambling in Japan a whole lot different. This move gives more headway for land-based casinos.
The resort will have a hotel filled with around 2,500 rooms. In the plans outlined by the promoters, there are also provisions for conference spaces covering about 400,000 square feet, while exhibition spaces and entertainment facilities will cover about 330,000 square feet.
The ceremony, which was hosted by Osaka IR KK, the promoter of the project, was attended by Osaka Governor Hirofumi Yoshimura and delegates from MGM Resorts International and Japan’s Orix Corporation, who are the lead partners of the project. The project also includes minority investors and is billed to be completed by 2030. The opening date for the complex has also been set for autumn of 2030.
Given that the construction timeline clashes with the date for the Expo 2025, which is hosted on Yumeshima Island, the promoters have stated that construction and the use of heavy machinery will be reduced during the period of the Expo. The Expo 2025 will also help expand rail connectivity to the island as a new Osaka Metro Station has been opened to serve the Expo, while a new link is being added to the Kintetsu Nara line, which will eventually serve the resort once it's open.
With this approval and the progress of its extensive plans, it is clear that Japan is willing to redefine the future of its tourism and entertainment sector.
