Only One Las Vegas Casino Operator Remains In The Hunt For A Gaming License In Japan
MGM Resorts International is the only casino operator in the hunt for a gaming license in Japan. The city of Osaka has endorsed the company's plans for the country's first large-scale casino.
Only one Las Vegas casino operator remains in the hunt for a gaming license in Japan. Osaka selected MGM Resorts and its Japan-based joint-venture partner ORIX to develop a proposed $10 billion complex.
Osaka became the third Japanese location to name an integrated resort partner. Las Vegas Sands withdrew from the Japan licensing process in May 2020. Caesars Entertainment withdrew in June 2019. Wynn Resorts dropped out of the Osaka process. Japan legalized casinos almost 20 years ago. The country's economy and the 2020 Olympics are factors in the delay. The current three locations are the most suitable for casinos. There are some scenarios that could change the rules. If not all three are selected, another site could be added before the April 2022 deadline. Japanese casinos could bring in between $20 billion and $25 billion in annual gaming revenues.