Japanese financial services firm Orix Corp has announced a number of changes at leadership level. The group is developing, in partnership with U.S.-based casino operator MGM Resorts International, the MGM Osaka integrated resort (IR), which will feature Japan’s first legal casino.
Orix has announced that Satoru Matsuzaki becomes chief operating officer for the Japan and Asia-Pacific business unit, with effect from April 1. He remains deputy president executive officer and an Orix board member.
Other changes outlined on Friday include Masataka Yamada being promoted to chief financial officer and chief strategy officer, responsible for Orix’s corporate strategy and management unit.
Hidetake Takahashi remains Orix’s president and chief executive. He is also a member of the board of directors.
The MGM Osaka scheme was the sole result of Japan’s first-round process for local governments to bid to host an IR. MGM Osaka is due to launch at the end of 2030. Its cost is currently estimated at JPY1.51 trillion (US$9.45 billion).
A national-level Cabinet Order confirmed on March 10 that the application period for a second round of IR bids will run from May to November 2027.
