{"id":127149,"date":"2020-02-17T10:19:49","date_gmt":"2020-02-17T18:19:49","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=127149"},"modified":"2020-02-17T12:17:19","modified_gmt":"2020-02-17T20:17:19","slug":"mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/","title":{"rendered":"MGM Resorts Last Competitor Standing in Osaka Integrated Resort Competition"},"content":{"rendered":"

It was once a three-horse race to build an integrated resort in Osaka. But now, MGM Resorts International and local partner Orix are the last competitors standing.<\/p>\n

\"\"
MGM is the lone bidder left in the Osaka integrated resort race. (Image: Expedia)<\/figcaption><\/figure>\n

Last week, reports circulated confirming<\/a> what many already knew \u2013 that MGM was viewed as the leader in a group also consisting of Galaxy Entertainment and Genting Singapore. Soon thereafter, it was revealed that the Las Vegas-based operator and Orix were the only party to submit a bid in Osaka’s request for proposal (RFP) round.<\/p>\n

Officials from Japan’s third-largest city confirmed the MGM\/Orix group was the only one to participate in the RFP process. Last Friday evening, Genting Singapore confirmed its withdrawal from the Osaka race.<\/p>\n

After careful consideration of the opinions of many shareholders, we regret that we will not continue our participation in the Osaka IR Project going forward,\u201d said the Singapore-based company in a statement.<\/p><\/blockquote>\n

That announcement came just weeks after the company sought and gained approval from investors<\/a> to spend up to $10 billion on an integrated resort in the Japanese metropolitan area.<\/p>\n

Galaxy confirmed today it’s out of the Osaka race, too, with an executive saying, “We decided at this time that our focus should be on other potential locations in Japan, including, among others, Yokohama.”<\/p>\n

Playing With The Big Dogs<\/h2>\n

Although it didn’t specify a reason for its departure from Osaka, Genting Singapore said it’s not abandoning Japan aspirations altogether. Rather, the operator is turning its attention to Yokohama.<\/p>\n

\n

While MGM’s long-running front-runner status in Osaka may have turned off competitors, the situation in Japan’s second-largest city won’t be any easier. There, Genting will butt heads with the likes<\/a> of Las Vegas Sands (LVS), Melco Resorts & Entertainment, and Wynn Resorts, among others.<\/p>\n<\/div>\n

The Yokohama competition may prove to be even tougher than Osaka’s for at least two reasons. First, along with MGM, LVS is widely viewed as one of the operators most likely to procure one of Japan’s initial three gaming licenses. Second, Yokohama locals mostly oppose the idea of a casino-resort, a concept that enjoys support in Osaka.<\/p>\n

\u201cIn the future, Genting Singapore will focus on participating in the Yokohama IR request for concept (RFC), which is currently underway,\u201d said Genting.<\/strong><\/p>\n

Looking Ahead<\/h2>\n

It is expected that Japanese policymakers will make decisions on which cities will become hosts to gaming destinations sometime next year. From there, those locations will choose an operator partner and submit proposals to the federal government.<\/p>\n

MGM has obviously cleared one hurdle with its \u201cone and only\u201d status in Osaka. The company’s Japan efforts are led by former Nevada Gov. Brian Sandoval (R-NV), but reinforcements could be on the way.<\/p>\n

Last week, Jim Murren surprisingly announced that he’s stepping down as chairman and chief executive officer of the gaming company. But a new filing with the Securities and Exchange Commission (SEC) indicates he will be receiving some consulting compensation<\/a> and Murren himself has said that he’s going to be more involved with MGM’s Japan plans as times goes on.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

It was once a three-horse race to build an integrated resort in Osaka. But now, MGM Resorts International and local partner Orix are the last competitors standing. Last week, reports circulated confirming what many already knew \u2013 that MGM was viewed as the leader in a group also consisting of Galaxy Entertainment and Genting Singapore. […]<\/p>\n","protected":false},"author":46,"featured_media":127157,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\nMGM Resorts Is the Lone Remaining Bidder for an Osaka License<\/title>\n<meta name=\"description\" content=\"The field has been cleared in Osaka, and MGM Resorts International is the only bidder left to bring a gaming venue to the city.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Resorts Is the Lone Remaining Bidder for an Osaka License\" \/>\n<meta property=\"og:description\" content=\"The field has been cleared in Osaka, and MGM Resorts International is the only bidder left to bring a gaming venue to the city.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-17T18:19:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-17T20:17:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/Osaka2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/\",\"name\":\"MGM Resorts Is the Lone Remaining Bidder for an Osaka License\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/Osaka2.jpg\",\"datePublished\":\"2020-02-17T18:19:49+00:00\",\"dateModified\":\"2020-02-17T20:17:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"The field has been cleared in Osaka, and MGM Resorts International is the only bidder left to bring a gaming venue to the city.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/Osaka2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/Osaka2.jpg\",\"width\":2560,\"height\":1440,\"caption\":\"MGM is the lone bidder left in the Osaka integrated resort race. (Image: Expedia)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia Pacific Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"MGM Resorts Last Competitor Standing in Osaka Integrated Resort Competition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MGM Resorts Is the Lone Remaining Bidder for an Osaka License","description":"The field has been cleared in Osaka, and MGM Resorts International is the only bidder left to bring a gaming venue to the city.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"MGM Resorts Is the Lone Remaining Bidder for an Osaka License","og_description":"The field has been cleared in Osaka, and MGM Resorts International is the only bidder left to bring a gaming venue to the city.","og_url":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-02-17T18:19:49+00:00","article_modified_time":"2020-02-17T20:17:19+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/Osaka2.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/","url":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/","name":"MGM Resorts Is the Lone Remaining Bidder for an Osaka License","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/Osaka2.jpg","datePublished":"2020-02-17T18:19:49+00:00","dateModified":"2020-02-17T20:17:19+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"The field has been cleared in Osaka, and MGM Resorts International is the only bidder left to bring a gaming venue to the city.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/Osaka2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/02\/Osaka2.jpg","width":2560,"height":1440,"caption":"MGM is the lone bidder left in the Osaka integrated resort race. (Image: Expedia)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/mgm-resorts-is-the-lone-remaining-bidder-for-an-osaka-license\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Asia Pacific Gaming","item":"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/"},{"@type":"ListItem","position":3,"name":"MGM Resorts Last Competitor Standing in Osaka Integrated Resort Competition"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/127149"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=127149"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/127149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/127157"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=127149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=127149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=127149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}