Monday, August 08, 2022

MGM’s Murren says Osaka IR can open before 2025 World Expo


MGM Resorts Chairman and CEO James Murren has told the Japan Times that there is still enough time to open the Osaka Yumeshima IR before the 2025 World Expo, and thus capturing the benefits of having an estimated 28 million people coming to the attractions next door.

“I don’t have doubts about the abilities of the architects we have on board, or those of the civil planners and general contractors. The challenge to meeting the March 2025 opening will be getting through the permit process,” Murren said.

An increasing number of analysts have predicted that this ambitious timeline will ultimately prove to be infeasible.

Near the end of 2018, MGM Resorts entered into an equal partnership with the Orix Corporation, a fact which was publicly revealed in March. To date, MGM is still the only IR operator which has unveiled one of its potential consortium partners.

In Osaka, MGM’s competitors are likely to be Sands, Melco, Galaxy, Genting, Wynn, and Caesars.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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