MGM Osaka progresses with implementation agreement

In another step forward for the Osaka IR Project, Osaka IR Corporation has signed an agreement with Osaka Prefecture and Osaka City to implement the Specified Integrated Resort Facilities Area Development Plan for Yumeshima, Osaka.

Osaka IR Corporation is a joint venture between MGM Resorts and Orix Corporation, established to develop the Osaka IR Project.

“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.”

It is hoped that MGM and Orix, along with Osaka IR Corporation, will help grow tourism and the economy of Osaka and the Kansai region, as well as Japan more broadly.