MGM Resorts' Joint Venture Signs Implementation Agreement For Integrated Resort In Osaka, Japan
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts International (NYSE:MGM) and its joint venture partner ORIX Corporation have signed an agreement with Osaka Prefecture and Osaka City to develop the Osaka IR Project, a first-of-its-kind integrated resort in Osaka, Japan. The project aims to contribute to the sustainable growth and development of tourism and the economy of Osaka and the Kansai region.
September 28, 2023 | 1:02 pm
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POSITIVE IMPACT
The development of a new integrated resort in Osaka by MGM Resorts and ORIX Corporation could potentially boost tourism and the economy in the region, which could have a positive impact on the iShares MSCI Japan ETF (EWJ).
The development of a new integrated resort in Osaka could boost tourism and the economy in the region. This could potentially have a positive impact on the iShares MSCI Japan ETF (EWJ), which tracks the performance of the Japanese equity market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
MGM Resorts has signed an agreement to develop a new integrated resort in Osaka, Japan, which could potentially boost its revenues and expand its global footprint.
The development of a new integrated resort in Osaka, Japan, represents a significant expansion for MGM Resorts. This could potentially increase its revenues and profitability, as well as enhance its brand recognition and global presence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100