Japan on Friday approved a plan to build the country's first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to open in 2029, aimed at attracting domestic and international tourist spending.
Prime Minister Fumio Kishida on Friday said the project would contribute to the economic growth of the Kansai area around Osaka and greater Japan after World Expo 2025, as the country aims for aThe resort is targeting 520 billion yen of revenue annually, mostly from the gaming business, and forecasts it will attract 6 million international tourists and 14 million domestic visitors, the project document showed.
MGM Resorts, Orix and Osaka's city and prefecture governments said they welcomed the approval and would work together to develop the project.the prefectural governor and city mayor offices in Osaka on Sunday. A Mainichi newspaper poll of Osaka residents this month found 45% of respondents in favour of the casino, 38% against and 17% undecided, although women and the elderly were more likely to be opposed.
Japan's casino plans were hampered in the past by the coronavirus pandemic and a bribery scandal that led to the arrest of a high-profile lawmaker. Major casino operators Las Vegas Sands Corp
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