{"id":112934,"date":"2019-08-22T14:18:50","date_gmt":"2019-08-22T21:18:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=112934"},"modified":"2019-08-22T15:34:24","modified_gmt":"2019-08-22T22:34:24","slug":"mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/","title":{"rendered":"MGM Remains All In on Osaka as Rivals Consider Other Japanese Cities For Integrated Resorts"},"content":{"rendered":"

MGM Resorts International is reiterating its commitment to Osaka in its effort to land a prized Japanese gaming license even as at least one of its rivals shifts its focus other metropolitan areas in the Land of the Rising Sun.<\/p>\n

<\/div>\n
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MGM CEO Jim Murren still sees Osaka as the best bet for his company in Japan. (Image: TheStreet)<\/figcaption><\/figure>\n

The company is partnering with the Japanese firm Orix to land one of the first three permits for integrated resorts (IR) Japan is expected to dole out. MGM, one of the largest operators on the Las Vegas Strip, has long been committed to Osaka and has recently been reaffirming that notion with overtures<\/a> such as a show called \u201cJapanese Spring\u201d at the 2019 Bellagio Las Vegas Conservatory.<\/p>\n

MGM Resorts remains deeply committed to pursuing an integrated resort in Osaka, Japan,\u201d said CEO Jim Murren in a statement released Thursday. \u201cWe announced our ‘Osaka First’ strategy and have not wavered from that plan.\u00a0 We have always had confidence in our position, as what we will bring to Osaka is something only MGM Resorts can deliver.\u201d<\/p><\/blockquote>\n

Murren’s comments were published just hours after it was revealed that Las Vegas Sands is scuttling plans to focus on building a casino in Osaka, Japan’s third-largest city. Rather, the largest US casino company by market value is looking to open a gaming venue in Tokyo or Yokohama<\/a>, the country’s two largest metropolitan areas.<\/p>\n

Osaka First<\/h2>\n

Previously, LVS expressed interest in Osaka amid speculation that Tokyo would be too busy with plans for the 2020 Summer Olympics to adequately address an integrated resort there and reports that some business leaders and residents in Yokohama oppose casino gaming.<\/p>\n

While there may be opposition in Yokohama, leaders there earlier this week unveiled plans<\/a> to push forward in luring a gaming venue. Earlier this year, Murren said LVS hasn’t been loyal to Osaka<\/a>, comments that now appear accurate.<\/p>\n

\n

By Murren’s admission, the timeline could be ambitious, but the company is hoping to have an integrated resort operational in Osaka before the city hosts the World Expo in 2025. The MGM statement released today did not feature comments about that time frame.<\/span><\/p>\n<\/div>\n

\u201cWe are also excited about our partnership with Orix, a highly respected Japanese company with a strong presence in Osaka, as we jointly pursue this venture,\u201d said Murren in the release. \u201cTogether, we are working to submit our response to the ‘request for concept,’ and look forward to the next steps in the process<\/strong>.\u201d<\/p>\n

Absent From Today’s Proceedings<\/h2>\n

Not mentioned in today’s scuttlebutt regarding casino goings on in Japan was Wynn Resorts<\/strong>, a rival to MGM and Sands in both Las Vegas and Macau. In an interview with CNBC <\/i>about two months ago, Wynn CEO Matt Maddox said his company is considering multiple cities<\/a> for a Japanese integrated resort.<\/p>\n

Operators’ interest in Japan is easy to understand. The Asia-Pacific country would likely be the third-largest gaming market in the world when it’s up and running, generating an estimated $8 billion in revenue annually while trailing only Macau and Las Vegas.<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM Resorts International is reiterating its commitment to Osaka in its effort to land a prized Japanese gaming license even as at least one of its rivals shifts its focus other metropolitan areas in the Land of the Rising Sun. The company is partnering with the Japanese firm Orix to land one of the first […]<\/p>\n","protected":false},"author":46,"featured_media":112937,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\nMGM Remains Committed to Osaka as Rival Sands Looks to Other Cities<\/title>\n<meta name=\"description\" content=\"MGM Resorts still wants to put a casino in Osaka as rival Las Vegas Sands shifts its focus to Japan's other major cities.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Remains Committed to Osaka as Rival Sands Looks to Other Cities\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts still wants to put a casino in Osaka as rival Las Vegas Sands shifts its focus to Japan's other major cities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-22T21:18:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-22T22:34:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/jm2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/\",\"name\":\"MGM Remains Committed to Osaka as Rival Sands Looks to Other Cities\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/jm2.jpg\",\"datePublished\":\"2019-08-22T21:18:50+00:00\",\"dateModified\":\"2019-08-22T22:34:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"MGM Resorts still wants to put a casino in Osaka as rival Las Vegas Sands shifts its focus to Japan's other major cities.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-remains-committed-to-osaka-as-rival-sands-looks-to-other-cities\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/jm2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/jm2.jpg\",\"width\":1600,\"height\":1067,\"caption\":\"MGM CEO Jim Murren still sees Osaka as the best bet for his company in Japan. 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