MGM reports Osaka construction progress ahead of planned 2030 opening
MGM Resorts said construction of its integrated resort on Yumeshima Island in Osaka is progressing, with more than 40% of foundation piles installed or completed. The company expects the approximately $10bn project, developed with Orix Corporation, to open in 2030; MGM said it invested $140m in the first quarter and expects Japan funding of $200m-$225m this year.
The construction and funding update informs investors about the project’s progress towards its planned 2030 opening.