MGM Resorts International has reaffirmed its commitment to pursuing an integrated resort in Osaka, even as market rival, Las Vegas Sands, has announced the termination of plans to build a casino in the Japanese city in favour for Tokyo and Yokohama instead.
“MGM Resorts remains deeply committed to pursuing an integrated resort in Osaka, Japan,” said Jim Murren, chairman and CEO of MGM Resorts, in a statement. “We announced our ‘Osaka First’ strategy and have not wavered from that plan. We have always had confidence in our position, as what we will bring to Osaka is something only MGM Resorts can deliver.”
Not only will its proposed Osaka IR “bring world-class entertainment, exciting cultural events, convention expertise, and premium dining and retail experiences that will have broad appeal both nationally and internationally”, Murren said MGM Resorts will “develop a truly unique destination that will generate significant economic activity for the region and increase employment opportunities while delivering an attractive return for all stakeholders”.
He added: “We are also excited about our partnership with Orix, a highly respected Japanese company with a strong presence in Osaka, as we jointly pursue this venture.”