{"id":6172,"date":"2020-05-04T12:03:52","date_gmt":"2020-05-04T12:03:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=6172"},"modified":"2026-04-24T05:33:19","modified_gmt":"2026-04-24T08:33:19","slug":"ir-bid-mgm-osaka","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ir-bid-mgm-osaka","title":{"rendered":"Osaka IR bid still on MGM Resorts agenda"},"content":{"rendered":"\n

Bid for an integrated resort in Osaka, Japan is still on MGM Resorts’ agenda according to acting CEO.<\/p>\n\n\n\n\n\n\n\n

Japan.- The bid for an intergrated resort in Osaka, Japan is still on MGM Resorts’ agenda according to its acting CEO.<\/p>\n\n\n\n

In an earnings call on Friday (May 1), acting MGM Resorts<\/em><\/strong> CEO William Hornbuckle, was asked of whether the impact of Covid-19 would hinder the company’s IR bid in Osaka.<\/p>\n\n\n\n

He replied: “We still see Asia as a huge build and a huge upside for the company, and frankly for the industry.<\/p>\n\n\n\n

“We\u2019re very bullish on Macau in the long run and we\u2019re absolutely bullish on Japan in the long run. <\/p>\n\n\n\n

“We’re still in the zone of a US$10billion investment and the returns on that will be determined once we get through all the regulations. <\/p>\n\n\n\n

“But they are significant and they would be significant to the company in its overall portfolio and how we balance our earnings as we look at everything we have. So, we remain bullish.”<\/p>\n\n\n\n

It was revealed in February that MGM was now the only operator in line for Osaka’s IR<\/a><\/em><\/strong> bid, with Galaxy and Genting both pulling out of the race.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bid for an integrated resort in Osaka, Japan is still on MGM Resorts’ agenda according to acting CEO.<\/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' acting CEO, William Hornbuckle, reaffirmed the company's commitment to its US$10 billion integrated resort bid in Osaka, Japan, despite the COVID-19 pandemic. The company remains bullish on long-term growth prospects in Asia, particularly Macau and Japan, viewing the Osaka IR as a significant portfolio asset. This commitment follows the withdrawal of competitors Galaxy and Genting from the bidding process.","focusai_entities":"MGM Resorts, William Hornbuckle, Galaxy, Genting","focusai_location":"Osaka, Japan, Asia, Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Osaka IR Timeline","query":"Given the US$10 billion investment and regulatory complexities, what is MGM Resorts' revised timeline for the Osaka IR project's development and projected operational launch, considering potential post-COVID-19 market recovery curves?"},{"label":"Regulatory Framework Impact","query":"How might the specific regulatory compliance and governance frameworks anticipated for the Japanese IR market influence the projected returns and operational structure of MGM Resorts' Osaka venture?"}],"footnotes":""},"categories":[160,28,161,16338,158],"tags":[473,470,707],"class_list":["post-6172","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-daily-news","category-east-asia-news","category-slider-home","tag-ir","tag-japan","tag-osaka"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6172","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=6172"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6172\/revisions"}],"predecessor-version":[{"id":777010401,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6172\/revisions\/777010401"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}