MGM RESORTS' JOINT VENTURE SIGNS IMPLEMENTATION AGREEMENT FOR INTEGRATED RESORT IN OSAKA, JAPAN
Marks Finalization of the Certification Process |
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MGM RESORTS' JOINT VENTURE SIGNS IMPLEMENTATION AGREEMENT FOR INTEGRATED RESORT IN OSAKA, JAPAN
Marks Finalization of the Certification Process |
Category: Asia Pacific - Japan - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2023-10-04
MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that Osaka IR Corporation, a joint venture with ORIX Corporation ("ORIX") established to develop the Osaka IR Project, signed an agreement with Osaka Prefecture and Osaka City to implement the Specified Integrated Resort Facilities Area Development Plan for Yumeshima, Osaka.
MGM and ORIX, together with Osaka IR Corporation, will contribute to the sustainable growth and development of tourism and the economy of Osaka and the Kansai region, as well as Japan through this first-of its-kind project in Japan.
For more information, please visit the website of the Osaka Prefectural Government's IR Promotion Bureau, Promotion Division.
"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," said Bill Hornbuckle, President and CEO, MGM Resorts.
"We remain passionately committed to this project and look forward to bringing Japan and Osaka best-in-class gaming, entertainment, dining and retail experiences. Our vision is to bring MGM's 'wow' DNA from Las Vegas to Osaka and build a resort that will be a source of great pride in the community."
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500 global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary LeoVegas AB offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE Magazine's World's Most Admired Companies.
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