MGM Resorts will increase its annual deployment of capital into development of its Japan integrated resort project, MGM Osaka, to around US$1 billion a year in each of 2027 and 2028, the company revealed this morning.
This, it explained, will be funded from the company’s cash on-hand and free cash flow, with the remainder of the US$10 billion project to be covered by its local partner ORIX Corp and the joint venture’s yen facility with Japanese banks.
Speaking on MGM’s 3Q26 earnings call, Chief Financial Officer Jonathan Halkyard noted that the company has invested around JPY114 billion (US$722 million) into MGM Osaka so far with another JPY150 billion to JPY160 billion (US$950 million to US$1 billion) to be contributed in each of 2027 and 2028 – completing its funding commitments.
