MGM Resorts International revealed Thursday that it has increased its projected investment into its Japan integrated resort project in Osaka to around US$3 billion – up from US$2.5 billion – after finalizing major contracts with its partners.
But the company said it still remains bullish on the long-term prospects for MGM Osaka, with MGM Resorts CEO and President Bill Hornbuckle telling investors on Thursday that he anticipates the near US$9 billion integrated resort will generate more than US$2 billion in annual EBITDA, likely from day one. Return on investment is also tipped to be in the “high teens” percentage-wise, he added.
The comments were made during MGM’s 1Q25 earnings call and come after the company last week broke ground on the Yumeshima Island site upon which MGM Osaka is projected to open in 2030.
