MGM Interested In $10 Billion Japanese Casino ResortCompany Eyeing $40 Billion Gambling Market |
|
Las Vegas-based casino giant MGM Resorts is interested in spending up to $10 billion on a casino in Japan should the country finally approve the facilities, according to a report from Reuters.
MGM CEO Jim Murren made the comments Monday, saying that the casino operator could build in Tokyo, Yokohama or Osaka. It’s been estimated that the Japanese casino gambling market could be worth $40 billion annually.
The $10 billion MGM investment could match what rival casino giant Las Vegas Sands Corp. has also pitched for the country. Any project would include a hotel and other amenities.
A crucial vote on the casino bill is tentatively planned for sometime next month.
Years ago, the casino industry and some government officials were pushing for casino gambling to be legal in time for casinos to be open for the 2020 Olympic Games in Tokyo.
It’s been a busy year for MGM. The company is set to open its $1.3 billion casino at National Harbor later this year, and it’s still pushing for a casino in Atlanta.
MGM is also trying to get a NBA team to relocate to Las Vegas.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
