MGM has $9 billion for Osaka IR

James Murren, chairman and CEO of MGM Resorts International, says the company anticipates an investment of about JPY1 trillion (US$9 billion) should it win its bid to build an IR at Osaka’s Yumeshima site.

Murren made the comments on Tuesday after paying a courtesy visit to Osaka Governor Ichiro Matsui and Osaka Mayor Hirofumi Yoshimura.

He also stated, “Osaka has the potential to become the center of MICE in Asia. We want to create something that reflects Japan's cutting-edge technology and food culture.”

Osaka Governor Matsui stated separately on Tuesday that he wanted the IR Implementation Bill to be enacted into law by next summer. Osaka’s plans call for the Yumeshima IR to open its doors before the 2025 World Expo (which they also hope to host) and therefore they do not want the absence of national legislation to cause further delays.

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