MGM Japan confirms signing of Basic Agreement on Osaka IR

MGM Resorts Japan confirmed this week that its subsidiary Osaka IR (SPC) has signed the Osaka/Yumeshima Area Specified Complex Tourist Facilities Development Basic Agreement with Osaka prefecture and city. The company has also completed drafting of an area development plan.

In a statement, MGM said that Osaka IR (SPC), an entity jointly established by MGM Resorts Japan and its main consortium partner ORIX to operate an IR in Osaka, has concluded a Basic Agreement with Osaka.

“MGM and ORIX hope to contribute to sustainable economic and tourism growth for Osaka, the greater Kansai region, and Japan as a whole, through this project,” MGM’s statement said. “We will continue to work with both public and private sectors to promote the processes to make this goal a reality.”

Source: https://www.asgam.com/index.php/2022/02/23/mgm-japan-confirms-signing-of-basic-agreement-on-osaka-ir/