The Development Of The Casino-Industry In Osaka May Encounter Difficulties

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March 22, 2022
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As the media reported, the resort casino in osaka can be opened to the world expo’s world expo, scheduled for 2025, but for this, local authorities must work out the regulatory framework until the second quarter of 2020, which falls into question.

The Development of The Casino-Industry in Osaka May Encounter DiffiCulties

According to market analysts, osaka osakiaals will not be easy to implement the goal of opening an integrated resort by 2025, unwem the central government of japan will not give key purposes and will not complete the development of the regulatory framework.

In the recent global market advisors (gma) report, it is argued that if the governhange does not create a casino management commission and will not complete the 2nd quarter of 2020, the second largest city of japan will not be easy to open the resort casino on time.

«If the second quarter of 2020 there will be no shift, it is unlikely that the integrated resort will be opened completely and on time, thus, it assumes the implementation of the declared plans of the weld exhibition 2025», – specified in the report.

It it emphasized that in order for the plans to be implemented, it is necessary to start issuing licenses over the next year.

«Until the beginning of 2025, 67 months left. Thus, licenses must be issued over the next 12 monhs so that integrated resorts are really open by 2025».

Osaka’s authorities published the names of five of the seven organizations that have expressed a desire to manage irs from early april. Among them, genting (singapore), las vegas sands, melco resorts and entertainment, mgm resorts international and wynn resorts. The names of the brands of the remaining two candidates are not disclosed.

Nevertheless, the ir promotion bureau in osaka, jointly managed by the governments of prefectures and cities, confirmed that the participation of casino operators at the rfc stage in the region is not required to participate in the race for the right to manage irks.

Recall, the other day it became known that as a result of the next parliamentary elections, politicians interested in the development of gambling business in japan came to power.

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