MGM Resorts International today issued the following statement in light of recent developments in Japan:
MGM Resorts offers sincere congratulations to the Diet on its tireless and successful effort in passing the IR Promotion bill, which opens the possibility of large-scale, integrated resort development in Japan. After years of study in the region, we believe the opportunity exists to drive significant growth in sustainable travel and tourism — particularly from international segments — along with the creation of thousands of jobs and long-term economic benefit.
With an established, full-time development team in Tokyo pursuing discussions in Japan’s cultural and business communities, MGM Resorts is well-prepared to pursue future expansion efforts. We have been preparing for this possibility by enhancing our cultural commitment to Japan in the United States via our sponsorship of two world premiere Kabuki events with the famous Shochiku entertainment company and by showcasing established and emerging Japanese artists in the Company’s art collections across the country.
Today’s announcement allows us to advance our relationships with key stakeholders and together create a coalition of Japanese business partners who will collectively define a vision for a uniquely Japanese, world-class integrated resort.