
MGM Resorts Increases Osaka IR Investment to US$3 Billion, Maintaining Positive Outlook
Summary: MGM Resorts has increased its investment in the Osaka integrated resort to US$3 billion, driven by updated cost estimates. Despite this increase, the company remains bullish on the project, projecting over US$2 billion in annual EBITDA and a high-teens ROI, drawing comparisons to the success of Marina Bay Sands in Singapore. The project is…