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MGM International Willing to Invest Up to $10 Billion in Japanese Casino

MGM International Willing to Invest Up to $10 Billion in Japanese Casino

As Japan moves closer to legalising casinos MGM Resorts International has said that it could invest close to $10 billion into a Japanese casino.

James Murren, the CEO of MGM, said that the company would spend between 500 billion yen and one trillion yen on an “integrated” resort if casinos are legalised. The resort would combine casinos with hotels, shops and conference space and would most likely be in Tokyo, Yokohama or Osaka. Murren believes that there would be a large demand and is sure that the casino would be a success.

Las Vegas Sands Corp is also interested in a Japanese casino and has previously said that it would invest up to $10 billion in the country. If the laws are changed in the near future then a resort could be completed as soon as 2022.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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