MGM Resorts to up MGM Osaka spending to US$1 billion a year in 2027 and 2028, reduce other capex commitments

MGM Resorts will increase its annual deployment of capital into development of its Japan integrated resort project, MGM Osaka, to around US$1 billion a year in each of 2027 and 2028, the company revealed this morning. This, it explained, will be funded from the company’s cash on-hand and free cash flow, with the remainder of the US$10 billion project to be covered by its local partner ORIX Corp and the joint venture’s yen facility with Japanese banks.