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MGM Resorts to commit $450M to Osaka project
MGM Resorts has positioned MGM Osaka as the biggest integrated resort in the world after Marina Bay Sands, as the group plans to invest $450 million in equity to show its commitment to the Japan IR project.
MGM’s CFO Jonathan Halkyard stated that the group is comfortable allocating that much capital to the project, which shows MGM’s support of its Japan venture, as CEO Bill Hornbuckle added that the Osaka project is personally and strategically very important.
The group expects that if MGM Osaka reaches $2 billion in cash flow, then its stake and share could generate around $800 million for the company.
Another important factor is the placement of the resort, as it’s around an hour and a half closer to Beijing and Shanghai than it is to Macau, which will attract tourists from China’s mainland.
In partnership with ORIX Corporation, the investment scale of the project is over $12 billion, making it one of the most expensive integrated resorts in the gaming industry, and it’s scheduled to open in the third quarter of 2030. The company expects that more than 20 million annual visits can be reached after the resort opens.
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