MGM predicts 54% of MGM Osaka visitors will be from Osaka region
Projections released with Q3 results show 19.9 million annual visitors and detailed gaming capacity
Key Takeaways
- MGM Resorts projects Osaka-region customers will make up 54% of about 19.9 million annual visitors to MGM Osaka.
- International tourists are forecast at 32% and other Japanese regions at 14% of visitors.
- MGM Osaka is a JPY1.51-trillion (US$9.56 billion) project developed with Orix Corp and other minority investors.
- Planned gaming inventory totals 470 tables and 6,400 machines, for 9,220 combined gaming positions.
- MGM has spent about JPY114 billion to date and expects to add JPY150–160 billion in each of 2027 and 2028.
MGM Resorts International projects that customers from the Osaka region will constitute 54% of roughly 19.9 million annual visitors to its under-construction MGM Osaka integrated resort, the company disclosed in its third-quarter earnings presentation on 29 October 2026. The presentation attributed the visitor-mix estimates to consultancy Innovation Group and MGM Resorts management and showed international tourists at 32%, with visitors from other Japanese regions at 14%.
Project scale, partners and costs
The presentation confirmed MGM Resorts and Japan’s Orix Corp as the main partners in the JPY1.51-trillion (US$9.56 billion) MGM Osaka project. MGM Resorts’ chief executive and president Bill Hornbuckle told analysts the project was about 11% complete and “remained on schedule and on budget” for a 2030 opening.
Chief financial officer Jonathan Halkyard said the group had spent about JPY114 billion on the development to date. He added MGM Resorts planned to contribute a further JPY150 billion to JPY160 billion in each of 2027 and 2028, roughly US$1 billion per year, to complete its funding commitments.
Visitor catchment and competitors
A slide in the document identified an estimated adult population of about 23.5 million across local catchment areas reachable within up to three hours’ travel time. The presentation compared travel times from Tokyo, Beijing, Shanghai, Seoul, Taipei and Hong Kong but did not break down international visitors by origin country or territory.
The company listed Singapore and Macau as MGM Osaka’s primary competitors, with Seoul, Manila and Sydney classed as secondary competitors.
Gaming inventory and comparisons
MGM Osaka is planned to have 470 gaming tables and 6,400 gaming machines, giving a combined 9,220 gaming positions. The slide noted that figure would be about 1.4 times the 6,612 gaming positions across MGM China Holdings Ltd’s two Macau properties, which had 750 tables and 2,112 gaming machines as of 30 September 2026.
The presentation compared MGM Osaka’s planned positions to other regional resorts: about 1.4 times the 6,408 positions at Marina Bay Sands (per that operator’s 2025 filing) and 4.2 times the 2,180 positions at MGM Resorts’ Bellagio in Las Vegas. The document also pointed out that MGM Osaka would rely proportionally more on gaming machines and fewer tables than MGM China’s combined Macau portfolio or Marina Bay Sands.
Presentation purpose
MGM Resorts said the slides were intended to illustrate MGM Osaka’s scale relative to other resorts and to show the prospective customer base and places of origin. The visitor-mix and capacity figures in the presentation were sourced to Innovation Group and MGM Resorts management.
Frequently Asked Questions
What proportion of MGM Osaka visitors does MGM expect from the Osaka region?
MGM expects **54%** of roughly **19.9 million** annual visitors to come from the Osaka region. That figure appears in the company’s third-quarter earnings presentation and is attributed to Innovation Group and MGM Resorts management.
How much has MGM Resorts spent on MGM Osaka so far and what are its remaining commitments?
MGM Resorts has spent about **JPY114 billion** on MGM Osaka to date. The company said it expects to contribute **JPY150 billion to JPY160 billion** in each of **2027** and **2028**, approximately **US$1 billion** per year, to complete its funding commitments.
What gaming capacity will MGM Osaka have compared with MGM’s Macau properties?
MGM Osaka is planned to have **9,220** gaming positions from **470** tables and **6,400** machines, about **1.4 times** the **6,612** positions across MGM China Holdings Ltd’s two Macau properties. MGM China’s Macau portfolio had **750** tables and **2,112** machines as of 30 September 2026.
When is MGM Osaka scheduled to open and who are the project partners?
MGM Osaka is scheduled to open in **2030**, and MGM Resorts International and Japan’s **Orix Corp** are the main project partners, with other Japanese businesses as minority investors. Bill Hornbuckle said the project was around **11% complete** and on schedule.
Tags
About the author
Marcus Webb
Industry Deals Correspondent
Marcus Webb covers the deal flow of the gambling industry — operator strategy, M&A, market entries, and product launches from sportsbook rebrands to full platform migrations. The reports name the companies, valuations, and jurisdictions exactly as disclosed and separate the announcement from its market impact. When a group consolidates a brand or a challenger launches into a new state, Marcus Webb explains who gains, who pays, and what closes next quarter.
More from Marcus Webb
