Asia
MGM to Begin the Works in Osaka by 2021
The casino industry is going to launch in Japan soon. Experts from the industry believe that MGM Resorts International would begin the works in Osaka by 2021.
According to Sanford C. Bernstein, the company’s schedule sets such date to get it completed by 2025. The firm cites the company’s CFO, Corey Sanders, during a recent meeting in Las Vegas.
“Discussion spanned across MGM’s [MGM] 2020 plan, MGM’s Japan initiatives, current on-the-ground situation in Macau and Hong Kong, and the company’s capital allocation strategy,” analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu said.
“The Japan market should be structurally similar to Singapore and MGM is expecting a return on investment of up to 20%,” GGRAsia quoted in a note.
The Japanese government has recently released the draft of its IR Basic Plan. However, the regional authorities will not waste their time and continue to work towards their future bids.
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