{"id":2421,"date":"2020-01-16T12:50:06","date_gmt":"2020-01-16T12:50:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=2421"},"modified":"2026-04-24T08:51:01","modified_gmt":"2026-04-24T11:51:01","slug":"mgm-properties-resort-japan-casino","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-properties-resort-japan-casino","title":{"rendered":"MGM sells properties as it eyes opportunities in Japan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The US casino operator offloads the MGM Grand hotel for $2.5 billion and will use the cash to target the Japanese market.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Japan.- <strong><em>MGM Resorts<\/em><\/strong> has made clear its intentions to play a key role in the construction of IRs in Japan, taking big steps to secure capital to fund such a project in the country. Earlier this week the US casino operator sold the MGM Grand hotel for $2.5 billion and will use the cash to help fund opportunities in Japan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Grand Hotel is not the first property the company has sold. They recently offloaded the Bellagio, Circus Circus and other properties in Las Vegas for a reported $8.2 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe transactions, as part of our broader asset-light strategy, will uniquely position MGM Resorts as a leader within the global gaming, hospitality and entertainment sector as a significant return of capital story, while also enabling it to achieve a fortress balance sheet,\u201d&nbsp; Jim Murren, Chairman and Chief Executive Officer of MGM Resorts, said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur corporate objective remains crystal clear, we will continue to monetize our owned real estate assets, which facilitates our strong focus on returning capital to our shareholders, while also retaining significant flexibility to pursue our visible growth initiatives, including Japan and sports betting,\u201d he added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MGM Resorts has been earmarked to <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-osaka-resort-casino\">develop an integrated resort if Osaka<\/a><\/em><\/strong> is one of the three communities that the national government permits to build an IR, whith a decision expected in the coming months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company is one of the first official partners and will be associated with&nbsp;Japanese financial services group, Orix Corporation.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US casino operator offloads the MGM Grand hotel for $2.5 billion and will use the cash to target the Japanese market.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM Resorts has divested its MGM Grand hotel for $2.5 billion, following previous asset sales totaling $8.2 billion, as part of an \"asset-light\" strategy. This capital is earmarked to fund strategic growth initiatives, primarily the development of Integrated Resorts in Japan, where MGM is partnered with Orix Corporation and is a key contender for an Osaka IR license. The move aims to strengthen the balance sheet and facilitate capital returns to shareholders while pursuing new market opportunities.","focusai_entities":"MGM Resorts, MGM Grand, Bellagio, Circus Circus, Jim Murren, Orix Corporation","focusai_location":"Japan, Osaka, US, Las Vegas","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.98), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Japan IR Licensing Impact","query":"How might MGM Resorts' 'asset-light' capital strategy influence its competitive positioning and licensing prospects for an Integrated Resort in Osaka, particularly concerning the financial stability requirements and governance frameworks of the Japanese government?"},{"label":"Shareholder Value Strategy","query":"What are the projected long-term implications for MGM Resorts' shareholder value and dividend policy, given the significant capital returns and the high-capex nature of Japanese IR development, and how does this align with their 'fortress balance sheet' objective?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[29,473,470,1616,2131],"class_list":["post-2421","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-casino","tag-ir","tag-japan","tag-mgm","tag-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2421","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2421"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2421\/revisions"}],"predecessor-version":[{"id":777041387,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2421\/revisions\/777041387"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}