“The goal is to try to get the IR open for the World Expo in 2025,” Murren continued. “It requires surgical precision, but it’s certainly not impossible.”<\/p>\n
Along with expressing his company’s continued focus on Osaka, Murren revealed some of the bidding specifics \u2013 as he understands them at this juncture. The CEO said casino bids will need to first garner the approval on the prefecture level, and then the national level.<\/p>\n
\nYou have to win twice in Japan,” Murren detailed. “There will only be three in Japan, which makes this so provocative and interesting for companies like ourselves and our worthy competitors.<\/p>\n<\/blockquote>\n
Osaka’s preliminary IR regulations say the winning bid must come from a company capable of investing $8.5 billion. The total resort must measure at least 3.2 million square feet, and the gaming space is not to exceed three percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
MGM Resorts boss Jim Murren admits opening an integrated casino in Osaka by 2025 will be difficult, but he believes his company can get the job done in time for Japan’s hosting of the World Expo. The casino CEO’s comments came last Friday in New York City at the 35th Annual Bernstein Strategic Decisions Conference. […]<\/p>\n","protected":false},"author":25,"featured_media":106281,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\n
MGM Resorts CEO Jim Murren Says Las Vegas Sands Not Loyal to Osaka<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n