According to a report from local media, the highly anticipated integrated resort in Osaka, Japan, which is a joint venture between MGM Resorts and Orix Corporation, may finally open its doors to visitors late in 2030. This news comes amidst reports that the main operator is planning to waive its right to exit the project without facing penalties, as revealed by Nikkei.

The construction of the first casino resort in Osaka has faced numerous delays and setbacks since it began in December. Initially projected to cost $8.6 billion, the project has experienced cost overruns that have pushed the total price tag above $9 billion. Despite these challenges, the latest media report suggests that the project is set to make significant progress, with Osaka IR KK expected to commence preparatory construction work sometime this month. If all goes smoothly and no further setbacks occur, the casino resort could welcome its inaugural guests by the end of 2030.

In a surprising turn of events, the Bureau International des Exposition (BIE), the organization responsible for overseeing the World Fair, known as Expo 2025, recently requested a six-month halt in the construction of the project. This decision added yet another unexpected hurdle for the development.

The Osaka integrated resort, set to occupy 52 acres on Yumeshima Island in Osaka Bay, is poised to become a major tourist destination. The partnership between Orix Corporation and MGM Resorts International aims to offer a variety of attractions, including three hotels with a combined total of 2,500 rooms, convention facilities, shopping options, and dining establishments, among other amenities. The project is shaping up to be a comprehensive entertainment complex that will cater to a wide range of visitors.