{"id":16741,"date":"2021-04-09T15:34:46","date_gmt":"2021-04-09T15:34:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16741"},"modified":"2026-04-23T20:28:40","modified_gmt":"2026-04-23T23:28:40","slug":"analysts-expect-mgm-to-continue-looking-for-ir-developments","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/analysts-expect-mgm-to-continue-looking-for-ir-developments","title":{"rendered":"Analysts expect MGM to continue looking for IR developments"},"content":{"rendered":"\n<p>Moody\u2019s expects MGM Resorts International to develop \u201clarge, high profile\u201d IR opportunities around the world.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Moody\u2019s Investors Services expects MGM Resorts International to <strong>continue seeking IR opportunities<\/strong>, not only in Macau but in other parts of the world.<\/p>\n\n\n\n<p>The group, together with local partner Orix, is currently the <em><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-orix-continues-as-only-contender-in-osakas-ir-tender\">only contender in Osaka\u2019s IR tender<\/a><\/em> in Japan. The final selection of a private-sector partner for <strong>Osaka\u2019s IR scheme is due in September of this year<\/strong>.<\/p>\n\n\n\n<p>According to analysts, the<strong> pursuit of other integrated resort projects &#8220;would require significant equity investment and debt <\/strong>to finance construction and will continue to expand [MGM Resorts International] domestic operations.\u201d<\/p>\n\n\n\n<p>MGM has two casino resorts in Macau. They reported\u00a0<em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-china-returns-to-positive-ebitda\" target=\"_blank\">an adjusted EBITDA of HK$367.2m (US$47.4m) for Q4 2020 after three-quarters of losses<\/a><\/em>.<\/p>\n\n\n\n<p>Moody&#8217;s has given the casino operator a\u00a0<strong>Baa3 qualification<\/strong>, due to <strong>constrained earnings<\/strong> as a consequence of the <strong>Covid-19 pandemic<\/strong> and the several lockdowns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody\u2019s expects MGM Resorts International to develop \u201clarge, high profile\u201d IR opportunities around the world.<\/p>\n","protected":false},"author":176,"featured_media":16744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Moody's expects MGM Resorts International to aggressively pursue global integrated resort (IR) development, including its current sole bid for the Osaka IR in Japan. This expansion strategy will necessitate substantial equity and debt financing, further extending its operational footprint. Despite a Q4 2020 adjusted EBITDA recovery in Macau, Moody's maintains a Baa3 rating due to persistent pandemic-related earnings constraints.","focusai_entities":"MGM Resorts International, Moody's Investors Services, Orix","focusai_location":"Macau, Osaka, Japan","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Osaka IR Financing Structure","query":"What specific debt and equity financing structures is MGM Resorts International contemplating for the Osaka IR, and how will this impact its Baa3 credit rating from Moody's?"},{"label":"Global IR Pipeline Impact","query":"Beyond Osaka, which specific global jurisdictions are MGM Resorts International targeting for \"large, high profile\" IR opportunities, and what is the projected capital allocation for these ventures over the next 3-5 years?"}],"footnotes":""},"categories":[157,16338],"tags":[1616,16615],"class_list":["post-16741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-mgm","tag-mgm-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16741"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16741\/revisions"}],"predecessor-version":[{"id":16768,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16741\/revisions\/16768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16744"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}