MGM Finds Major Backing for Planned Japanese Casino
Expertise: Global Gaming, Asia Gaming, US Gaming, Sports Gambling
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This financial infusion, facilitated through a loan agreement with MUFG Bank Ltd and Mitsui Banking Corporation, represents one of the largest co-financing arrangements in Japan’s history. The venture, which is a collaboration between MGM and its local partner ORIX, is set to bring a new level of entertainment and economic growth to the region.
The funding secured will propel the Osaka integrated resort into its next phase of development, with the project’s total cost estimated to be around $8.2 billion. The resort is expected to feature Japan’s first legal casino, alongside 2,500 hotel rooms spread across three hotel brands, and a vast expanse of MICE (Meetings, Incentives, Conferences, and Exhibitions) space. Additionally, the resort will include tourism facilities designed to showcase the best of Osaka and Japan, further cementing the country’s status as a premier global destination.
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