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China – MGM presents plans for resorts in Tokyo, Yokohama and Osaka

By - 12 september 2017

MGM Resorts CEO James Murren gave some pointers on the operator’s objectives in Japan at the Bank of America Merrill Lynch 2017 Japan Conference.

He predicted that MGM Japan, an integrated casino resort which would demand an investment of $10bn, would open sometime in 2025.

Mr. Murren said MGM wanted to be part of a Japanese-led consortium but didn’t specify whether the local partner would be a majority owner or not.

“We commit to being a good partner to Japanese companies in a Japanese-led IR consortium,” said Mr. Murren.

The company presented some artistes impressions for resorts in Tokyo, Yokohama and Osaka, the three cities earmarked for potential development by rival operator Wynn Resorts last week.
Mr. Murren said MGM would create a ‘uniquely Japanese Integrated Resort.’

MGM said it would ‘design an integrated resort that honours Japan’s values and traditions.’ It will ‘collaborate with many Japanese companies and be a trusted dependable partner.’

It reinforced its commitment to the Japanese market last week as it announced the appointment of former Charge d’Affaires, United States Embassy Tokyo, Jason P. Hyland as the Representative Officer and President of MGM Resorts Japan. In addition, MGM will allocate development specialists from the US to Japan as it increases its total development staffing in the U.S. and Japan combined to more than a dozen, reinforcing MGM Resorts Japan’s organisational structure as it works to realise a Japanese resort.

För att tillgodose sitt växande team kommer MGM Resorts Japan att flytta sitt kontor från Akasaka till Otemachi, Tokyo och öppna ett helt nytt kontor i det centrala affärsdistriktet den 1 september 2017. Sedan de japanska dotterbolagen grundades i Tokyo och Osaka 2014, MGM Resorts Japan har tillhandahållit information om integrerade skidorter (IR) till myndigheter, industri och privata enheter och kommer att fortsätta att bygga relationer och samla information på den inhemska marknaden. Företaget planerar också att öppna ett nytt kontor i Osaka i framtiden.

Mr. Murren said: “We are very pleased to welcome Jason to the team, and look forward to his contributions and insights. Jason’s substantial experience as senior diplomat, his deep understanding of the Japanese culture, as well as his proven leadership, negotiation skills, extensive network and strong command of the Japanese language will be a tremendous asset as we promote activities in Japan.”
Ed Bowers, MGM Resorts Japans representant och VD, kommenterade också: ”Att öppna ett nytt kontor i hjärtat av Tokyos affärsdistrikt och utöka vårt MGM Japan-team speglar vårt starka engagemang och beslutsamhet. Det nya kontoret kommer att bli vårt centrala nav när vårt team går vidare mot förverkligandet av en utväg som är unikt japansk. ”

Jason har arbetat och studerat i Asien i mer än 17 år, varav 14 i Japan. Han har bott i Tokyo, Sapporo, Fukuoka och Osaka och rest i hela landet.

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