MGM Resorts and Orix submit plan for Japan’s first casino resort

U.S. Casino operator MGM Resorts International and partner Orix Corp have submitted a proposal to build their first casino resort in Japan, the financial services group said on Wednesday, Reuters reports.

The proposal to develop a casino complex at Osaka will be reviewed by regulatory authorities and an operator will be selected at a later date, Orix said in a filing with the U.S. Securities and Exchange Commission. (

Last year, a consortium comprising MGM and Orix was selected as the sole qualified applicant for the development of the Osaka resort. (

MGM Resorts International will spend 1 trillion yen (US$9.08 billion) to build the resort, the Wall Street Journal reported earlier on Wednesday. (

Japan, which legalized gambling in 2018, is planning to approve several integrated resorts that include casinos, shopping arcades and conference centres, similar to ones in Las Vegas, to boost tourism after the Tokyo Olympics.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.