MGM Resorts says that it has finally reached an implementation agreement for its massive IR project in Osaka, Japan.
The company announced that its joint venture with ORIX Corporation had ‘signed an agreement with Osaka Prefecture and Osaka City to implement the Specified Integrated Resort Facilities Area Development Plan for Yumeshima, Osaka.’
Speaking of the move, Bill Hornbuckle, President and CEO of MGM Resorts noted that “This is a significant moment for our company as we officially close the certification process and begin to focus on executing our vision, in partnership with ORIX, to build a world-class integrated resort in Osaka”.
The executive furthered that “Our vision is to bring MGM’s ‘wow’ DNA from Las Vegas to Osaka and build a resort that will be a source of great pride in the community.”
MGM has been the only hold-out in a decades-long push for casino gaming in Japan, now slated to open its property in about 2030.