MGM Resorts and Orix announces formal bid for Osaka IR

MGM Resorts International, the US casino operator, is going to develop an IR in Osaka with the local partner Orix.

Osaka prefecture and city is aiming to open an IR in 2024, with the public offering for submission of a concept starts on 24 April. Participant registration will remain open until 24 May with the formal offering for bidders to take place in the Fall. The winning bid is expected to be announced in Spring.

“We are hoping to see many Kansai corporations participate in our business effort, regardless of their size, in order to express the local flavor,” Ed Bowers, CEO of MGM Resorts Japan said.

He describes Orix as “an excellent company deeply rooted in Kansai. Their passion really stood out in their research and study of an IR.”