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MGM Resorts Get Approval for $10 Billion Casino Project in Japan

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MGM Resorts Get Approval for $10 Billion Casino Project in Japan

MGM Resorts International has announced that Japan’s Ministry of Land, Infrastructure, Transport and Tourism has officially certified the Area Development Plan submitted last year by Osaka Prefecture/City and by Osaka IR KK, a joint venture between MGM Resorts Japan and ORIX Corporation.

The certification is one of the final steps in the licensing process under Japan’s Integrated Resort Development Act and paves the way for MGM Resorts Japan and ORIX to finalize agreements with Osaka Prefecture/City on the construction of a new approximately $10 billion development project.

“It is an honor to be selected by the Government of Japan to develop a tourism project of this scale,” said MGM Resorts CEO & President Bill Hornbuckle. “We couldn’t be more excited to get started on the development of one of Japan’s first Integrated Resorts in the great City of Osaka, and we look forward to working with our partner ORIX and Osaka Prefecture/City to realize this long-held goal.”

Details of the proposed development in Osaka were unveiled last year as part of the licensing submission process and showcase MGM’s vision to bring a world-class resort experience to Osaka.

The development promises to transform the region into one of the world’s top entertainment and hospitality destinations and to serve as a hub for tourism across Japan. Along with a casino, the resort will feature hotels, a conference center, a shopping center, and a theater.

Las Vegas-based MGM Resorts International and ORIX, together with Osaka Prefecture/City, submitted an Area Development Plan to the Government of Japan during the October 2021 to April 2022 application period.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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