MGM has given up its right to withdraw from the planned Japanese casino project, according to reports. The Osaka casino and entertainment complex is targeted to open by 2030, with preparatory construction aimed for the end of 2024 and main construction in 2025, MGM said in a financial update.
MGM’s decision to proceed gives suppliers and operators a stated timeline for the Osaka project.
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Analysts at Truist Securities said regional-focused operators could outperform in second-quarter results, naming Penn Entertainment and Monarch Casino & Resort as potential beneficiaries. Jefferies analyst David Katz said gaming revenue across 18 reporting US states rose 3.8% year on year in the quarter, while Macquarie reported preliminary June US hotel revenue per available room growth of 8.7%.
Analysts reviewed gaming markets in notes dated 29 June to 2 July, according to the report. New York online sports betting gross gaming revenue for the week ending 28 June 2026 was reported up 86% year on year, while handle rose 47%; the notes also covered Las Vegas Strip and regional casino performance.
S&P Global Ratings expects Asia-Pacific casino operators to face weaker demand and higher costs over the next 12 months, citing macroeconomic uncertainty, oil prices, regulatory controls and capital spending. It forecasts Macau gaming revenue growth of 5% to 7%, while regulatory requirements are expected to constrain casino revenue and margins in Australia and New Zealand.
Macquarie analyst Chad Beynon said February revenue per room on the Las Vegas Strip rose 6% year over year, while visitation increased 2%. He cut his first-quarter Strip gaming revenue forecast to a 2.5% decline, but said stronger room revenue could put Vegas segments ahead of earnings consensus.
CBRE analyst John DeCree lowered his price target for MGM from $48 to $45 and for Caesars from $40 to $33, citing weaker Las Vegas results and more conservative estimates. September Strip gross gaming revenue fell 5.5% year on year to $687.8m, while visitation declined 9%.