MGM Osaka
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MGM Resorts International’s plans to build a $10 billion resort on an artificial island in Japan took another step forward Tuesday. The city and prefecture of Osaka selected MGM, partnered with Japanese financial services company ORIX, to be the region’s integrated resort partner.

Osaka initiated a request for proposals to build a hotel-casino in Yumeshima — the site of the 2025 World Expo — in December 2019. Osaka officials had initially hoped to have a resort built and ready for the 2025 event but abandoned those plans last spring because of the COVID-19 pandemic.

Tuesday’s announcement is one of several steps in the licensing process following the 2018 passage of Japan’s Integrated Resort Implementation Act. The next step is to submit an Area Development Plan to Japan’s central government during the application period (from October of this year to April 2022). Integrated resort licenses are expected to be issued next year. If selected to receive a license, MGM anticipates an opening date in the second half of the 2020s for the Osaka project.

Source: https://www.reviewjournal.com/business/casinos-gaming/mgm-one-step-closer-to-opening-casino-in-japan-2449186/

Status: Announced