MGM and Their Expansion in the World

December 28, 2021 Emerging Markets

MGM Resorts International is one of the largest hospitality and entertainment corporations in the entire world. MGM experienced a tremendous dip both in revenue and stock value during the pandemic. They have since rebounded to levels higher than ever in the past 10 years. Much due to the US’s new COVID policies, its domestic casinos are doing better than the biggest international resorts.

MGM properties aren’t limited to its native US. There are two major facilities already operating in Macau, as well as in mainland China. They have also recently sold off minor casinos in Australia and Vietnam. Now, they have their eyes set on building new resorts grander than anything we’ve ever seen. In this article, we will reveal their ambitious plans and what they mean for the industry.

MGM Have Serious Plans For Osaka, Japan
For many years, all forms of gambling were illegal in Japan. Now, that has changed. The government released new regulations in December 2020. That was the first step that allowed 9 gambling games to be legally available to the public. They include all-time casino favorites such as poker, slots, and roulette. There are many more regulations to come, and they will certainly propel the industry forward. The most important thing is that the gates for casinos in the country are now open.

In response to this, the Governor of Osaka Prefecture, Yoshimura, expressed his intention to push a new local implementation policy in January 2021. Due to the spread of the pandemic, the Integrated Resort (IR) plan of Osaka Prefecture has been delayed considerably. After some uncertainty, the local government and MGM finally made an agreement in September this year.

MGM was one of the first corporations to express an immediate strong interest in entering the Japanese market. According to Keita M, the editor of a local blog casinosnavi.com, MGM casino in Osaka aims to be the best IR facility. It’s a perfect opportunity for an overseas expansion for the ambitious corporation. Japan is an excellent choice when it comes to launching a new facility.