It looks like the government in Osaka is hell-bent on opening on launching its integrated resort by the world Expo of 2025 ends.
Nevertheless, as stated on calvinayre, currently, this seems like an impossible task as the City mayor, Ichiro Matsui, has created a new timeline, which shows that the Integrated resort will not be opened until 2026. This change comes as part of the city’s efforts to create time for the recruitment of operators for the resort.
The 2025 timeline had been set as an absolute deadline this past week on the 5th of December, Hiroyuki Ikeda, Kansai Association of Corporate Executives representative director, held a press briefing at which he elaborated that they were looking to have the resort fully opened and operational at the time of the Expo in 2025. He also pointed out that this timeline would be most beneficial for the city to make a reasonable IR bid.
It seems that Ikeda is optimistic that infrastructural development can be done if the whole of Japan is adequately motivated. The infrastructure is the main point of concern, as construction delays are one of the reasons why the resort may not be launched within the projected timeline.
This also includes the development of a convention hall, hotel, and shopping mall, as well as a few other essential facilities. However, the initial timeline has changed. In a recent statement from the Mayor of Osaka, he explained that the city could not ignore the concerns raised by operators. The city does not want to intend to give up on the planned 2025 spring opening.
Later, the mayor added that even if the city of Osaka and its surrounding prefectures worked together with operators, it is still not possible to beat the deadline. He also admitted that the city could not enforce impossible conditions on its partners.
The top challenge for the city seems to be meeting conditions of its IR implementation Act. The situation requires that the five main facilities – including the international conference, exhibition and the hotels – be done concurrently with the casino. There are other requirements, as well, related to the capacity of visitors and total floor coverage of the facility that need to be addressed.
It appears that this is the point at which the city has fallen short it is doing its best to meet the requirement set by other operators who are involved in the project, and it would seem that these requirements cannot be fulfilled at this time. With Mayor of Osaka admitting that it is nearly impossible to force the condition down the throats of operators, it appears that the project is destined to launch no sooner than the spring of 2026.
The project is working under constraints, and even if all the elements were to be done concurrently, it seems that the city would need to pull a magic trick to have to able to launch in 2025. But, anything is possible and the operators might feel motivated enough and have their share complete by 2025.