Japan approved a plan Friday to build its first casino, a $10 billion resort on the island of Osaka.
According to MGM Resorts International, the approval paves the way for MGM Japan and its joint-venture partner ORIX Corporation to finalize agreements on construction.
“It is an honor to be selected by the Government of Japan to develop a tourism project of this scale,” said MGM Resorts CEO & President Bill Hornbuckle. “We couldn’t be more excited to get started on the development of one of Japan’s first Integrated Resorts in the great City of Osaka, and we look forward to working with our partner ORIX and Osaka Prefecture/City to realize this long-held goal.”
