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MGM bolsters its Japan roster

MGM Resorts International says it will be stepping up its efforts in Japan over the next 30 days, according to a report from Reuters.

"We are going to have a larger office here in Tokyo," chairman and CEO James Murren said at an investor conference in Tokyo on Wednesday.

Murren said the company has hired 15 new staff to work in Japan, focusing on areas including market research, and building connections with local companies. Around 8 to 9 staff will be based in Tokyo.

In October, MGM said it was ready to spend up to $10 billion on a casino development in Japan.

Las Vegas Sands CEO Sheldon Adelson on Tuesday made a similar pledge, calling Japan the “holy grail” of business opportunities.

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