MGM Resorts Confirms $2.6B Financing for Osaka Casino Resort, Ready by 2030

MGM Resorts International has confirmed that funding is already secured for its long-awaited integrated resort in Osaka. The $2.6 billion project, developed alongside Orix Corp, will become Japan’s first casino resort and is now on track for its 2030 debut.

Good to know

• MGM Osaka is budgeted at JPY 1.27 trillion and is being built on Yumeshima island.
• MGM Resorts holds a 43.5% stake, with Orix Corp and other Japanese partners involved.
• Construction is scheduled to finish in summer 2030, with an opening in autumn of that year.

Speaking at the Bank of America Securities 2025 Gaming & Lodging Conference, Sarah Rogers, senior vice president of corporate finance at MGM Resorts, explained how the financing will be structured.

“We have the financing in place for Japan and, as of the last quarter, it is JPY 380 billion, and spot at the time had us at US$2.6 billion,” she said.

The plan is to use equity funding first, followed by debt later. MGM will contribute about $300 million this year, then increase its spending to $500–600 million annually in the years ahead. Debt financing will be phased in as construction progresses.

Rogers also touched on MGM Resorts’ broader financial position. She noted that the company has already repurchased more than 40% of its outstanding shares.

“We have messaged that with the excess cash coming down, and with the future obligations for Japan, that will ultimately slow,” she explained. “But again, if the share price gets to a point where it’s so attractive, that’s something we will continue to consider.”

Groundbreaking for MGM Osaka took place on April 24, marking the official start of construction on Yumeshima, an artificial island in Osaka Bay. The integrated resort will include a casino, hotels, convention facilities, and entertainment spaces, designed to make Osaka a global destination.

MGM Resorts and Orix Corp lead the development consortium, with MGM controlling a 43.5% stake. Several Japanese companies are also minority investors in the project, reinforcing its local ties.

The post MGM Resorts Confirms $2.6B Financing for Osaka Casino Resort, Ready by 2030 appeared first on iGaming.org.