MGM Resorts International’s proposed Japan integrated resort would generate more revenue than most other IRs in Asia and tax revenue of around US$1.5 billion annually, according to the President and CEO of its Japanese subsidiary, Ed Bowers.

Providing insights into MGM’s plans for an IR in Osaka, should it be granted a concession by the central government later this year, during a keynote speech the G2E Asia Special Edition: Singapore conference on Wednesday, Bowers said he expects the property to provide a major financial boost for the Kansai region and the nation as a whole.

“This will be the most expensive IR ever built in Asia,” he said. “The project will employ around 15,000 people.