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Additional investors are Kansai Electric Power, Kintetsu Group Holdings, and global consumer electronics giant Panasonic. Kansai Electric is an electric utility, while Kintetsu is a railway conglomerate that owns more than 140 subsidiaries that are invested in a variety of industries. Kansai, Kintetsu, and Panasonic all call Osaka home.<\/p>\n<\/div>\n
Hornbuckle says that MGM and Orix are expecting to each invest roughly $4 billion. But if the 20 percent component doesn’t come through, the MGM boss says the two consortium leaders will step up and complete the financing with an additional $2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
An integrated resort (IR) consortium led by MGM Resorts and Orix Corporation is the preferred casino developer in Japan’s Osaka Prefecture. The combined group has proposed an IR development with a total investment budget in the neighborhood of $10 billion. Orix, a financial services conglomerate founded in Osaka but today headquartered in Tokyo, revealed recently […]<\/p>\n","protected":false},"author":25,"featured_media":191558,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10],"tags":[],"acf":[],"yoast_head":"\n
MGM Resorts Osaka Partner in Japan Sets Aside $2.4B for Casino Start<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n