Speaking at the JP Morgan Forum: Strategic Growth and Innovation, MGM’s CFO Jonathan Halkyard said the company plans to commit approximately $450 million in equity to the project in 2026, reflecting strong confidence in Japan’s emerging casino market.
MGM Resorts is positioning its Osaka integrated resort as a flagship project in the global gaming industry, with executives describing it as a potential landmark comparable to Singapore’s Marina Bay Sands.
Speaking at the JP Morgan Forum: Strategic Growth and Innovation, MGM’s CFO Jonathan Halkyard said the company plans to commit approximately $450 million in equity to the project in 2026, reflecting strong confidence in Japan’s emerging casino market.
For CEO Bill Hornbuckle, the Osaka resort is strategically and personally significant. He described it as a world-class undertaking capable of generating substantial cash flow. Drawing comparisons with MGM’s Singapore operations, Hornbuckle noted that if Osaka reaches around $2 billion in annual cash flow, MGM’s share could translate to roughly $800 million, with the potential for even higher returns over time.
The resort’s location is being highlighted as a key advantage. Situated closer to Shanghai and Beijing than Macau, MGM expects Osaka to attract visitors from mainland China as well as domestic Japanese customers. The project is being developed in partnership with ORIX Corporation and will include gaming, hospitality, and other entertainment facilities.
MGM and ORIX are investing approximately $12 billion, making Osaka one of the most expensive integrated resorts globally. The resort is scheduled to open in the third quarter of 2030 and is expected to draw around 20 million visitors annually. MGM leadership has framed the development as a cornerstone of the company’s long-term strategy in Asia.
