MGM Resorts Strengthens its Chances for Japan IR

1412
October 14th, 2019
Back MGM Resorts Strengthens its Chances for Japan IR

After the participation in the recent Expo/Growth IR/Yumeshima Development Symposium in Japan, MGM Resorts has cemented its chances for the Japanese Integrated Resort. The provider used the opportunity to talk about plans for future IR project together with another bidder - Galaxy Entertainment Group Japan. The final race is approacing and both operators have promising chances.

About Recent Symposium

Osaka University’s Nakanoshima Center has just organized Development Symposium this past Monday. The main topic of the event has been associated with the upcoming Integrated Resort in Japan. The Osaka International Convention Center president and representative director, Shinichi Fukushima, opened the event.

He said: “The IR bid is already reaching the final stages. There is no doubt that it will be an unprecedented growth-type IR, and an Osaka IR and World Expo will energize Osaka.”

MGM Resorts presented its plans to the enthusiastic public. MGM Resorts CEO for Japan, Ed Bowers observed:

“The first Japanese IR must be the best in the world. For that purpose, partnerships with the local area are important. MGM and ORIX are all in. For us, it’s only Osaka.”

Another IR contender, Galaxy Entertainment Group Japan, was represented by Company's General Manager, Satoshi Okabe. Commenting on the Galaxy’s plans, he said:

“Our strength lies in our ability to attract Chinese customers. Currently half of the overseas visitors to Osaka are Chinese. This is where we can showcase our skill.”

More Details

It was more than unexpected that Genting Singapore, which showed its interest in the Resort, didn't take participation in the Symposium. It could mean that the company had changed its mind regarding future project. The bidding race should start until the end of the year.

Meanwhile, MGM Resorts doesn't lose time on speculations. The company has just decided to sponsor the 10th Yosakoi Osaka Tournament which will be organized as part of the Dotonbori River Festival. The Festival is one of the largest events in Japan which features traditional arts, local attractions, and entertainment.

MGM Resort uses the opportunity to sponsor Yosakoi Osaka Tournament for the third consecutive year. The operator will also finance the upcoming Sneaker Con Osaka 2019 festival scheduled for November. All these MGM steps are part of a strategy to contribute to local communities in Japan which will additionally strengthen the company’s position.

Source:

“MGM Resorts continues to cement its Japanese IR chances“, Erik Gibbs, calvinayre.com, October 9, 2019.

“organized Development Symposium this past Monday”

Land Based Casino News
Back to articles
Play now and win big at Las Vegas USA!

Search

Search Results

Select language

English English

Don't show this again

Share on Facebook

Share on Twitter

Share