Delayed $9 Billion MGM Casino Venture Breaks Ground in Japan
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A quarter-century after gambling resorts were first proposed in Japan, officials finally broke ground on construction of what could become Asia’s highest-grossing casino.
Executives from MGM Resorts International and Orix Corp. and local politicians gathered on an artificial island in Osaka Bay on Thursday breaking barrels of sake to signify a new beginning in Japanese tradition. The ceremonial event marked the most tangible step that the development has taken toward realization after years of being beset by delays and scandal.