Osaka is likely to designate Yumeshima, with about 170 hectares (420 acres) of land available for development, as the preferred site for a casino, Governor Ichiro Matsui told Reuters in an interview. Officials will meet on April 22 to discuss the matter. He said he met recently with Melco Crown CEO Lawrence Ho and believes casino operators will be prepared to invest more than 500 billion yen ($4.91 billion) in the city. “It’s about time that as a city we narrow down the candidate sites. We have reached the point where we need to start accepting proposals,” Matsui told Reuters.