• About
  • Contact Us
Monday, August 8, 2022
Crypto Currency Financial
  • Home
  • Crypto News
  • Press Release
  • Blockchain
  • Cryptocurrency
  • NFT
  • Contact Us
No Result
View All Result
Crypto Currency Financial
No Result
View All Result
Home TRADING GUIDES

MGM Sole Casino Bidder to Qualify in Osaka RFP Process

Max Steven by Max Steven
February 16, 2020
in TRADING GUIDES
391 8
0
MGM Sole Casino Bidder to Qualify in Osaka RFP Process
549
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

A consortium formed by Las Vegas casino giant MGM Resorts International and Japanese financial services group Orix Corp. has remained the sole candidate deemed suitable to bid for a license to develop and operate an integrated resort with a dedicated casino facility in Osaka.

The announcement was delivered by the Osaka prefectural government on Friday, the last day for interested parties to submit their bids to participate in a request-for-proposals process that was launched in November 2019.

Prefectural officials said Friday that the MGM-Orix consortium was the only qualified applicant to have participated in the process. It is believed that Osaka prefecture and city lawmakers will announce their decision on whether they would partner MGM and Orix to bid jointly for one of three casino licenses up for grabs from the central government by mid-2020.

Three private companies were announced in November as the ones to have remained interested in building and running an integrated casino resort in Osaka. These were MGM and its local partner, the Japanese unit of Macau casino operator Galaxy Entertainment Group, and Genting Singapore, a subsidiary of Malaysian casino resort operator Genting Group.

Osaka officials have announced that if the city wins the right to host one of Japan’s first integrated resorts with casinos, the property will be developed on a 49-hectare site on the man-made Yumeshima island in Osaka Bay.

Osaka Lawmakers Move Forward with Casino Bid Despite Bribery Scandal

Osaka prefectural and city lawmakers are looking to move forward with their casino plans, despite the massive bribery scandal that hit Japan late last year.

Tsukasa Akimoto, the lawmaker who oversaw the drafting of the policy that would introduce casino-style gambling in the country, was arrested in December on suspicion that he took bribes from Chinese gambling firm 500.com to spearhead its bid to build a license in Hokkaido.

Mr. Akimoto was indicted on bribery charges and was released on bail earlier this week. He has maintained his innocence.

The lawmaker’s arrest and the snowballing scandal he was at the heart of delayed the publication of the central government’s so-called basic policy on integrated resorts. Japanese legislators decided to push back the publication of the policy in order to add provisions aiming to combat corruption.

The piece of legislation is now expected to be released at some point this month.

Up until this summer, Osaka was considered among the front-runners in the casino race and multiple international casino companies had their sights set namely on the city. However, since Yokohama entered the race in August, many of the those operators focused their efforts on winning the right to build an integrated casino resort in that city.

Las Vegas Sands, Melco Resorts & Entertainment, and Wynn Resorts were among the companies to assert their commitment to running luxury properties in Yokohama, known to be Japan’s second largest city by population.

Source: MGM-Orix sole qualified partner for Osaka in its IR effort

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories

Related News

Tags: BidderCasinoMGMOsakaProcessQualifyRFPSole
Max Steven

Max Steven

Max has keen interest in what cryptocurrencies have to offer in regards to NGO’s, governments and the financial system.

Related Posts

The Assure Announces Launch of Web3.0 Crypto Trading Management Aggregator

The Assure Announces Launch of Web3.0 Crypto Trading Management Aggregator

July 7, 2022
Blue tick, a way to cover up for a huge scam

Blue tick, a way to cover up for a huge scam

May 4, 2022
LABS Group is making Marketing Alliance with KuCoin The Big Shift from Ethereum to New Binance Smart Chain

LABS Group is making Marketing Alliance with KuCoin The Big Shift from Ethereum to New Binance Smart Chain

April 2, 2022
How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

February 16, 2022
Announcing TurboXBT, The Newest Short-Term Trading Platform And Why You Should Care

Announcing TurboXBT, The Newest Short-Term Trading Platform And Why You Should Care

November 6, 2021
How to Stop Liking Someone And Move On For Good

How to Stop Liking Someone And Move On For Good

September 16, 2021

Trending

WHAT IS VERSAILLES HEROES & HOW TO PLAY-TO-EARN?
Press Release

WHAT IS VERSAILLES HEROES & HOW TO PLAY-TO-EARN?

2 days ago
Pando Asset Lists First Crypto ETP on SIX Swiss Exchange
Press Release

Pando Asset Lists First Crypto ETP on SIX Swiss Exchange

5 days ago
BIB Exchange, The Revolutionary Force Towards Crypto Trading Opportunities
Press Release

BIB Exchange, The Revolutionary Force Towards Crypto Trading Opportunities

1 week ago
New reserve cryptocurrency protocol, PLUTO launches on Waves Blockchain claiming to beat bear markets
Press Release

New reserve cryptocurrency protocol, PLUTO launches on Waves Blockchain claiming to beat bear markets

2 weeks ago
FAMEEX Promises Considerate Approaches to Purse Regulatory Compliance and Protect the Interests of Traders
Press Release

FAMEEX Promises Considerate Approaches to Purse Regulatory Compliance and Protect the Interests of Traders

3 weeks ago

Recent Post

  • WHAT IS VERSAILLES HEROES & HOW TO PLAY-TO-EARN?
  • Pando Asset Lists First Crypto ETP on SIX Swiss Exchange
  • BIB Exchange, The Revolutionary Force Towards Crypto Trading Opportunities
  • New reserve cryptocurrency protocol, PLUTO launches on Waves Blockchain claiming to beat bear markets
  • FAMEEX Promises Considerate Approaches to Purse Regulatory Compliance and Protect the Interests of Traders
  • Cryptocurrency Exchanges with Margin Trading and Leverage Level
  • Infiblue: Building the most fun GameFi ecosystem on the market

Categories

  • AI Trading
  • Axia
  • Bitcoin
  • Blockchain
  • Blockchain News
  • Business
  • Crypto
  • Crypto News
  • Cryptocurrency
  • Cryptonews
  • Cryptos
  • Deepcoin
  • Gaming
  • Guest Post
  • ICO
  • Metaverse
  • News
  • NFT
  • Press Release
  • Technology
  • Tezro
  • Token
  • Trading
  • TRADING GUIDES
  • Wallets

Tags

2020 Announces Betting Bitcoin blockchain Brides cannabis Casino Casinos Colorado Content coronavirus Covid19 crypto Cryptocurrency Currency Deal financial foreign Gambling Games Gaming Group Launch Launches live marijuana market Online Partners Partnership Play pot Pragmatic Red reports revenue Simple Slot Slots Solutions Sports Supply unveils William

About

The cryptocurrencyfinancial publishes regular news, analysis and opinion pieces on the latest developments in this fast-moving space. We offer the latest crypto news, expert pricing analysis and insight on the latest ICO's.

Contact Us: [email protected]

  • About
  • Contact Us

Associated with Blockchain Press Media Network

No Result
View All Result
  • Home
  • Blockchain
  • Crypto
  • News
  • Press Release
  • Price Analysis

Associated with Blockchain Press Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)
    $47,760.000.100% 24H
    BITCOIN
    24H : 0.100%
    Volume : $25,691,746,641.00
    Marketcap : $902,767,395,534.00
  • ethereumEthereum(ETH)
    $3,750.30-0.42% 24H
    ETHEREUM
    24H : -0.42%
    Volume : $15,543,537,817.00
    Marketcap : $446,191,570,291.00
  • binancecoinBinance Coin(BNB)
    $523.71-0.25% 24H
    BINANCE COIN
    24H : -0.25%
    Volume : $1,715,282,504.00
    Marketcap : $88,112,540,019.00
  • tetherTether(USDT)
    $1.0000.050% 24H
    TETHER
    24H : 0.050%
    Volume : $52,703,800,023.00
    Marketcap : $78,519,198,598.00
  • solanaSolana(SOL)
    $175.020.210% 24H
    SOLANA
    24H : 0.210%
    Volume : $1,660,210,957.00
    Marketcap : $54,115,741,275.00