“We couldn’t be more excited for the opportunity to help enhance and grow Osaka’s reputation as a world-class destination and gateway for the world to the wonders and rich history of Japan.” “Nowhere is the future of tourism and hospitality more exciting than Japan, and Osaka is the perfect location for that future to begin,” MGM Resorts CEO and President Bill Hornbuckle said in a statement. and several other Asian companies formally stepped away from the developing in Osaka last year. There wasn’t much of a choice in the matter, as the MGM-Orix joint-venture was the sole entity to bid on the region’s request for proposal process after other gaming companies, including Las Vegas Sands Corp., Wynn Resorts Ltd.
The city and prefecture of Osaka selected MGM, partnered with Japanese financial services company ORIX, to be the region’s integrated resort partner. MGM Resorts International’s plans to build a $10 billion resort on an artificial island in Japan took another step forward Tuesday. MGM Resorts International announced that MGM Japan, along with its joint-venture partner ORIX, has been selected by Osaka as the region's integrated resort partner.
