Content Writer: Janice Chew • Friday, 25/09/2025 - 22:38:28 - PM
MGM Resorts International has revealed it secured full financing for its groundbreaking Japan project—MGM Osaka, the country’s first integrated resort featuring a casino. Sarah Rogers, Senior Vice President of Corporate Finance at MGM Resorts, shared the company will invest around US$300 million this year, followed by US$500–600 million in subsequent years, before tapping into debt funding.
The MGM Osaka development is a JPY1.27-trillion (roughly US$8.9 billion) venture located on Yumeshima, an artificial island in Osaka Bay. Since groundbreaking in April 2025, the project is slated for completion by summer 2030, with an anticipated opening in autumn 2030. A JPY530-billion credit facility is expected to become available in 2028, providing key financial support toward the end of the construction period.
MGM holds a 43.5% stake in the consortium developing the Resort, joining forces with Japan’s Orix Corporation and several minority partners. The scale of the project is considerable: MGM Osaka is expected to include multiple hotel brands, extensive MICE (meetings, incentives, conferences, exhibitions) space, entertainment venues, and represents a strategic push into Japan’s nascent casino market.
Highlighting MGM Resorts’ robust financial posture, Rogers noted the company has already repurchased over 40% of its outstanding shares, and even with significant obligations ahead for Japan, it still retains the flexibility to continue share buybacks if valuations remain attractive. This underscores not just the strategic ambition behind MGM Osaka but also MGM Resorts’ disciplined capital management amid global expansion.