MGM Resorts and ORIX are scheduled to invest JPY1 trillion ($9.09 billion) in Osaka to ensure its victory in the competition for one of three Japanese casino licences.
Despite being the sole applicant in Osaka’s IR competition – with Genting Singapore, Galaxy Entertainment, Las Vegas Sands, Melco Resorts & Entertainment, and Wynn Resorts all pulling out – MGM thinks the investment will help the business obtain the licence.
Brian Sandoval, MGM’s president of worldwide gaming development, 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 millions upon millions of visitors every year.”
Osaka subway expansion
The firm proposes to invest $182 million to expand Osaka’s subway to the Yumeshima casino, according to a formal request submitted on July 20.
Sandoval continued: added: “We want to provide guests with a new IR destination experience that is uniquely Japanese. Japan is advanced in technology innovation. It is also known as the best in class in terms of hospitality, rich in arts, culture and food. We respect the spirit of “Omotenashi” and Japanese vibrant traditions. We have already learned so much from Japan that we have been able to export to other markets in which we operate.”