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MGM Resorts International released its plans for Japan on Thursday during a presentation at the Mizuho Investment Conference in Tokyo.
If and when casino gambling is legalized Japan, MGM Resorts president Bill Hornbuckle said that the planned resort, MGM Osaka, would aim to create a “landmark destination attraction … uniquely Japanese, not a copy of an integrated resort from Las Vegas or Singapore.”
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President Bill Hornbuckle delivered MGM’s casino plans for Osaka at the Mizuho Investment Conference in Tokyo. The presentation, titled “Our Vision for a Japan Integrated Resort”, reveal that MGM’s integrated resort would be located on a waterfront property on Yumeshima, a plot of reclaimed land along Osaka Bay. It’s the same proposed casino site Osaka Governor Ichiro Matsui promoted back in April.
MGM Resorts currently operates MGM China Holdings Ltd in Macau in a joint venture with local businesswoman Pansy Ho Chiu King and plans to create a similar consortium of leading Japanese companies if casino gambling is legalized.
The development of the resort will also help spur infrastructure investment, expand non-manufacturing sectors of the economy and jump-start development in surrounding communities. These objectives are in line with the company’s plan to create a consortium made up of Japanese companies that can help the project integrate itself with surrounding regions while attracting tourists and local businesses within the resort’s vicinity.
The company hopes to have the casino ready in time before the 2020 Summer Olympics in Tokyo, and has previously insinuated that a casino could potentially open its doors in Osaka by the end of 2014, pending gaming legislation.
MGM Resorts is not the only company planning to operate in the Land of the Rising Sun if casino gambling is legalized.
The potential gambling market in Japan is without a doubt huge.
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