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Japan – MGM Resorts och ORIX förväntas investera JPY1trn i Osaka kasino

By - 19 juli 2021

The consortium fronted by MGM Resorts and ORIX, is prepared to spend big in Osaka to guarantee its success in the race for one of three Japanese casino licences with a planned investment of JPY1trn (US$9.09bn).

Despite being the only candidate in Osaka’s IR race with Genting Singapore, Galaxy Entertainment, Las Vegas Sands, Melco Resorts & Entertainment and Wynn Resorts all previously pulling out, MGM is hoping the huge investment will see it secure the licence with the aim of opening in 2028.

The group of companies will submit its formal proposal on July 20 with the plan to spend US$182m on extending Osaka’s subway to the site of the casino in Yumeshima.

MGM as President of Global Gaming Development Brian Sandoval said: “Osaka is an incredible city that is passionate about business, food, and having fun. MGM and our Japanese partners intend to deliver a Kansai-focused IR that will wow visitors from far and wide. We expect that the IR will attract both international visitors, as well as people living in the Kansai region and Japanese tourists from other parts of Japan. Regional IRs in the United States, including MGM’s properties in Detroit and Maryland, receive more millions upon millions of visitors every year.”

"Vi vill ge gästerna en ny IR-destinationsupplevelse som är unikt japansk. Japan är långt framme i teknisk innovation. Det är också känt som bäst i klassen när det gäller gästfrihet, rikt på konst, kultur och mat. Vi respekterar andan i "Omotenashi" och japanska livliga traditioner. Vi har redan lärt oss så mycket av Japan att vi har kunnat exportera till andra marknader där vi är verksamma”, tillade han.

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