MGM Resorts will open a casino in Osaka, Japan, in 2029 under a development plan submitted to the city’s prefecture officials, according to Fantini’s Gaming Report.
MGM and its partner, Orix Corp, would be licensed for 35 years with a possible 30-year extension under the plan. The two companies would own 40 per cent each of the resort with the remaining 20 per cent owned by Osaka companies, including the railway operators Kenetsu Group and Hankyu-Hanshin.
The cost of the proposed casino would be $9.5bn, of which Orix has already announced that it would contribute $1.8bn. There is also financing approved totalling $4.8bn.
Another Japanese resort plan is currently with Nagasaki where Hotel Sacher and Kadokawa’s DWANGO are partnering. It would be built at the Huis Ten Bosch theme park in the city of Sasebo.
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