LAS VEGAS (KSNV) — MGM Resorts says its plan for a new casino-resort in Japan took another step forward after signing an implementation agreement for the development this week.
The Las Vegas-based company said Thursday that Osaka IR Corporation, a joint venture with the Japanese financial services company ORIX Corporation, signed the agreement with Osaka Prefecture and Osaka City.
This closes the certification process and clears the way to begin developing the $10 billion project.
“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,” MGM CEO Bill Hornbuckle said in a statement. “We remain passionately committed to this project and look forward to bringing Japan and Osaka best-in-class gaming, entertainment, dining and retail experiences.”
Plans for an Osaka resort were first announced back in 2021. The Japanese government in April certified the development plan for the resort, which is expected to open in 2029 as one of the nation’s first casinos.
MGM says the resort is expected to feature 2,500 guest rooms, several dining and beverage options, a 3,500-seat theater, and about 400,000 square feet of conference space.
Source : News3LV