MGM Envisions Spending Up to $10 Billion on Japanese Casino
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MGM Resorts International, the largest casino operator on the Las Vegas Strip, said it’s ready to spend $5 billion to $10 billion in Japan, a day after competitor Las Vegas Sands Corp. said it planned to make a similar investment should gambling resorts be legalized.
MGM Resorts wants to own at least 51 percent in a partnership with Japanese companies for projects in the country, James Murren, chief executive officer, said in Tokyo. Legalization would make Japan Asia’s largest casino market after Macau, according to Union Gaming Group estimates.