Osaka IR Corporation, the joint venture between MGM Resorts International and local partner ORIX Corporation, have officially signed with Osaka Prefecture and Osaka City the Implementation Agreement for development of an integrated resort on Osaka’s Yumeshima island.
Signing of the agreement marks the final step in the certification process and paves the way for the consortium to begin construction works.
As reported by Inside Asian Gaming, the revised Implementation Agreement – which included a higher initial investment forecast of JPY 1.27 trillion (US$8.60 billion) and a 12-month delay to completion until 2023 – was approved by Japan’s central government last week.
