Asia
MGM Resorts Is on the Brink of Becoming Osaka’s IR Partner
MGM Resorts has moved irreversibly closer to start an integrated resort in Osaka. The Osaka Prefectural Government has announced that the US casino group and its local partner Orix are the only consortium left in the fray.
Two more companies had been in the race reportedly: Galaxy Entertainment Group and Genting Singapore. However, both of them seem to have withdrawn from the race, as MGM emerges as the last man standing. The prefecture authorities have confirmed that the government had only received the application from MGM only.
Shortly after the announcement, Genting Singapore issued a statement in which it explained it “had to abandon our participation in the RFP for the Osaka/Yumeshima District Specified Complex Tourism Facilities Installation and Operation Project” after coming to the conclusion that it was unlikely to win.
Genting will now focus on Yokohama, like LVS, Melco and Wynn.
