Process of developing casino/resorts in Japan is speeding up

May 31, 2018 12:15 PM

The process of developing three proposed casino/resorts in Japan is speeding up, according to MGM Resorts’ CEO Jim Murren.

In an interview with Nikkei Asian Review, the MGM leader said, the resorts would "generate billions of dollars, making the market vastly larger than Singapore."

If the bill is passed by the end of the current session of the Diet, Japan's Parliament, on June 20, MGM expects to bid for one of three licenses to operate integrated resorts.

MGM would give priority to finding local Japanese partners to operate a resort in the country.

He said, a MGM resort in Japan "will be definitely designed with Japanese architect, outfitted with Japanese interior designers and artists, and powered by Japanese technology."

Other Las Vegas-based operators, including Wynn Resorts and Las Vegas Sands, have also expressed their desire to bid on the Japanese casino licenses.