MGM Resorts To Be Osaka's Integrated Resort Partner

MGM Resorts International (NYSE:MGM) has announced that MGM Japan, with its joint-venture partner ORIX, has been selected by Osaka as the region's integrated resort partner.
The proposed resort development plan is expected to cost about $10 billion.
MGM, with Osaka city and ORIX, will submit an Area Development Plan to Japan's central government during October 2021 to April 2022 application period.
Integrated resort licenses are expected to be issued by the central government in 2022.
If selected to receive a license, MGM anticipates an opening in the second half of the 2020s for the Osaka project.
Price Action: MGM shares are trading lower by 0.24% at $44.98 on the last check Tuesday.