MGM Osaka signed an agreement with Osaka Prefecture and Osaka City in September 2023 to implement its government-certified Area Development Plan for the development of an integrated resort in Osaka, Japan1. MGM Osaka Corporation is an unconsolidated affiliate in which MGM Resorts International holds a 50% ownership interest1.
- The agreement covers implementation of the government-certified Area Development Plan, or ADP1
- MGM Resorts International holds a 50% ownership interest in MGM Osaka Corporation1
- Preliminary construction began on the site of the future resort in 20241
The agreement covers implementation of the Area Development Plan, or ADP, which the company describes as government-certified1. MGM Resorts International set out the arrangement in its annual report for the fiscal year ended December 31, 2025, filed with the US Securities and Exchange Commission1.
"MGM Osaka signed an agreement with Osaka Prefecture and Osaka City in September 2023 to implement its government-certified Area Development Plan ("ADP") for the development of an integrated resort in Osaka, Japan."
Preliminary construction began on the site of the future resort in 20241. The filing does not state an opening date, a total project cost, the number of gaming positions, or the licensing and entry rules that will apply at the property; none of those details appear in the source1.
MGM Resorts International is a Delaware corporation incorporated in 1986 that acts largely as a holding company1. As of December 31, 2025 it operated 16 domestic casino properties and, through an approximate 56% controlling interest in MGM China Holdings Limited, two casino properties in Macau1. Its reportable segments are Las Vegas Strip Resorts, Regional Operations, MGM China and MGM Digital1. The Osaka project sits outside those consolidated segments because MGM Osaka is accounted for as an unconsolidated affiliate1.
| Item | Detail |
|---|---|
| Agreement signed | September 20231 |
| Parties | MGM Osaka, Osaka Prefecture, Osaka City1 |
| Subject | Government-certified Area Development Plan for an Osaka integrated resort1 |
| MGM ownership in MGM Osaka | 50%1 |
| Preliminary construction start | 20241 |
What it means for players
Japan has no operating casino resort at the time of the agreement, and the filing gives no date on which the Osaka property will open or begin taking customers1. Until it does, gambling options inside Japan remain what they are now, and the rules on who may enter an integrated resort, what games are available and how they are regulated are set by Japanese authorities rather than by the operator1. The filing does not describe those rules for the Osaka site1.
For players in the region, the practical effect of the agreement is that a large resort in Osaka is moving through the formal stages rather than opening. MGM's existing Asian casino operations are in Macau, where gaming is administered by the Macau government through concessions awarded to six different concessionaires, and where MGM Grand Paradise holds the concession covering MGM Macau and MGM Cotai1. MGM China's revenues are generated primarily from gaming operations conducted under that concession, and the company says the majority of MGM China's casino revenue has come from main floor gaming in recent years1.
What happens next
Preliminary construction on the Osaka site began in 20241. The filing does not set out further milestones, a completion date or an opening date for the resort, and no such dates have been reported in the source1.
For background on the project, see When Will the Osaka Casino Resort Open? and Can I Gamble in Japan?. For how entry and play rules work at integrated resorts across the region, see Casinos and Integrated Resorts in Asia. For MGM's existing Asian properties, see Can I Gamble in Macau?.
Sources1 sources
- mgm-20251231, sec.gov
