Content Writer: Janice Chew • Wednesday, 25/09/2025 - 22:30:29 - PM
The projected cost of MGM Osaka has climbed to about JPY 1.51 trillion (roughly US$10.24 billion) in the latest development plan released by Osaka prefectural authorities — up from the earlier estimate of JPY 1.27 trillion. The increase is largely attributed to surging construction expenses: materials and labour costs have pushed the construction budget to about JPY 1.04 trillion, versus the prior forecast of JPY 722 billion.
Major stakeholders in the project, including MGM Resorts International and Orix Corporation, have seen their equity commitments rise to match: each now pledges JPY 428 billion, increasing their share in the consortium to 44 %. The project remains on track in terms of scale: the gaming-venue floor area is expected to be ~23,293 m², a slight uptick from earlier plans, and the resort will include 1,829 hotel rooms plus 10 private villas.
Looking ahead, MGM Osaka is slated to break ground (in April) and reach completion by summer 2030, with an opening aimed for autumn 2030. Despite the cost escalation, MGM has indicated that financing is in place. Sarah Rogers, Senior Vice-President of Corporate Finance at MGM, noted that for the current year MGM expects to invest about US$300 million, and plans for US$500-600 million annually in coming years toward construction of the Osaka IR.
