MGM Resorts To Be Osaka's Integrated Resort Partner

  • MGM Resorts International MGM has announced that MGM Japan, with its joint-venture partner ORIX, has been selected by Osaka as the region's integrated resort partner.
  • The proposed resort development plan is expected to cost about $10 billion.
  • MGM, with Osaka city and ORIX, will submit an Area Development Plan to Japan's central government during October 2021 to April 2022 application period. 
  • Integrated resort licenses are expected to be issued by the central government in 2022.
  • If selected to receive a license, MGM anticipates an opening in the second half of the 2020s for the Osaka project.
  • Price Action: MGM shares are trading lower by 0.24% at $44.98 on the last check Tuesday.
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