Marina Bay Sands and Resorts World Sentosa, the only integrated resorts in Singapore, are two of the most profitable casino resorts in the world. But that status could be threatened by the emergence of a rival venue in Osaka
Last week, Japan announced its third-largest city will be home to the country’s first game venue. That $8.1 billion property, slated to open in 2029, will be 40% controlled by MGM Resorts International (NYSE: MGM), 40% by Japanese financial services firm Orix, and 20% by local investors.
While 2029 is a long way off, CBRE analyst John DeCree isn’t shy about saying the MGM Japan property could be a giant in the Asia-Pacific gaming landscape.
Last week, Japan announced its third-largest city will be home to the country’s first game venue. That $8.1 billion property, slated to open in 2029, will be 40% controlled by MGM Resorts International (NYSE: MGM), 40% by Japanese financial services firm Orix, and 20% by local investors.
While 2029 is a long way off, CBRE analyst John DeCree isn’t shy about saying the MGM Japan property could be a giant in the Asia-Pacific gaming landscape.
