MGM Osaka launches construction of casino resort project
MGM Resorts International has officially commenced construction on MGM Osaka, Japan’s first integrated resort featuring a casino—marking a transformative milestone in the nation’s gaming landscape.
The groundbreaking ceremony, hosted by project promoter Osaka IR KK, witnessed the presence of Osaka Governor Hirofumi Yoshimura alongside key representatives from MGM Resorts and Orix Corporation, the joint venture partnered in this ambitious ¥1.27 trillion (approximately $8.8 billion) project.
Strategically located on the man-made island of Yumeshima within Osaka Bay, MGM Osaka is poised to open its doors in autumn 2030. This landmark endeavor not only signifies Japan’s entry into legalized casino gaming but is also projected to generate around $5.9 billion in annual gross gaming revenue, reshaping the future of the country’s tourism and gaming sectors.
The integrated resort will be a hub of activity and luxury, featuring:
- A state-of-the-art casino
- Three hotels encompassing approximately 2,500 rooms
- A 3,500-seat theater
- 330,000 square feet designated for exhibition space
- 400,000 square feet of conference facilities
A collaborative press statement indicates that this development, executed in partnership with Osaka Prefecture and Osaka City, aims to not only boost Japan’s tourism sector but also to catalyze economic growth in the Kansai region, creating numerous job opportunities and stimulating local businesses.
Significantly, the construction timeline is being meticulously coordinated with Expo 2025, which will also take place on Yumeshima Island. To minimize disruption, construction activities will be scaled down during peak Expo days, and the utilization of heavy machinery will be postponed until after the event concludes in October 2025.
To further enhance accessibility to the site, a new Osaka Metro station opened in January, designed to serve both Expo 2025 and the future resort, in addition to the planned extension of the Kintetsu Nara Line. These infrastructural upgrades are essential to accommodating the expected influx of visitors when MGM Osaka begins operations.
Financially, the project is underpinned by a robust ¥530 billion ($3.68 billion) debt financing package, spearheaded by Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp., complemented by additional investments from regional businesses, underscoring strong local support for this groundbreaking initiative.
As MGM Osaka ventures forward, it stands as a testament to Japan’s evolving landscape in legalized gaming, promising extensive economic benefits and a unique entertainment experience that aligns with global trends in the integrated resort sector.
