According to the news agency Reuters, MGM Resorts CEO Jim Murren plans to invest up to US$10bn on a casino resort if Japan opens up to the gaming industry through casinos.
Murren said that he would seek a location in either Tokyo or in Osaka for the resort.
He said that the deal could be carried out through an MGM-controlled operating company paying rent to an intermediate company owned by private investors and other international companies. Murren said that many major companies would seek an equity stake in a project led by MGM in Japan.
The long-awaited opening of the Japanese market is now more likely than ever to happen and Murren felt that a huge casino resort could be open and running by 2022.
