MGM Resorts International, the largest operator of casinos on the Las Vegas Strip that is also licensed in China’s Macau, is further expanding its international portfolio by way of Japan and Osaka.
Japan’s central government on Friday signed off on the Osaka Prefecture’s bid in partnership with MGM to construct a sprawling integrated resort (IR) on Yumeshima, an artificial island in Osaka Bay. The project comes with a JPY1.08 trillion (US$8.1 billion) price tag for a blueprint that includes 5.3 million square feet of indoor space.
In 2018, Japan’s controlling Liberal Democratic Party (LDP) was encouraged by the late Prime Minister Shinzo Abe to legalize commercial casinos. Abe believed it was in the best interest of the country to grow leisure tourism to the Asian nation.
Japan’s central government on Friday signed off on the Osaka Prefecture’s bid in partnership with MGM to construct a sprawling integrated resort (IR) on Yumeshima, an artificial island in Osaka Bay. The project comes with a JPY1.08 trillion (US$8.1 billion) price tag for a blueprint that includes 5.3 million square feet of indoor space.
In 2018, Japan’s controlling Liberal Democratic Party (LDP) was encouraged by the late Prime Minister Shinzo Abe to legalize commercial casinos. Abe believed it was in the best interest of the country to grow leisure tourism to the Asian nation.
