MGM Resorts International has taken a significant step forward in its pursuit of establishing a pioneering casino resort in Japan. The company recently finalized a substantial $3.4 billion credit agreement for its Osaka Integrated Resort (IR), marking a momentous milestone in the development of Japan's inaugural IR initiative.
The loan arrangement, facilitated by MUFG Bank Ltd and Mitsui Banking Corporation, stands as one of the largest co-financing agreements in Japan's history, underscoring the magnitude of MGM's commitment to the project. Partnering with ORIX, MGM aims to introduce a groundbreaking entertainment and economic hub to the region.
With an estimated total cost of $8.2 billion, the Osaka IR project is poised to redefine the landscape of leisure and hospitality in Japan. The resort is slated to house Japan's inaugural legal casino, alongside 2,500 hotel rooms spanning three distinct hotel brands. This ambitious venture not only promises to elevate the entertainment offerings in Osaka but also holds the potential to drive significant economic growth and development in the region.
