Top News MGM’s commitment to Osaka IR wavers By TTG Asia / Posted on 13 August, 2020 13:21 MGM Resorts International has cast doubt on its commitment to build the integrated resort in Yumeshima, Osaka, as the industry emerges from the Covid-19 crisis. MGM’s president and CEO Bill Hornbuckle indicated in a conference call held last month that there were numerous factors to be worked out, and were currently not moving forward with its multibillion-dollar investment, reported Asia Gaming Brief. MGM’s president and CEO Bill Hornbuckle adopts a circumspect stance towards the company’s commitment to the Osaka IR project as the industry rises from the ashes of Covid; Shinsekai and Tsutenkaku tower in Osaka pictured This time last year, the American hospitality and entertainment company said that it was still pursuing the integrated resort in Osaka. It is currently the only operator making a bid, after Galaxy Entertainment and Genting Singapore pulled out of the Osaka race. Hornbuckle was quoted by the report as saying that MGM will only move forward with the project if it is deemed to be profitable and able to meet the company’s expectations. Should the deal proceed, MGM will hold a 40-45 per cent stake in the operation. Hornbuckle expects the Osaka RFP process to move ahead in early 2021, but hinted that he expects the Japanese government to reconsider its regulatory framework for IR development.