MGM projects 54% of MGM Osaka visitors will be local to Osaka

MGM Resorts International projects that 54% of the circa 19.9 million visitors forecast for the MGM Osaka complex will be customers from the Osaka region, according to the third-quarter results presentation issued on 29 October 2026. The same presentation attributes the estimates to consultancy Innovation Group and MGM Resorts management; international tourists would account for 32% and the remaining 14% would be Japanese visitors from other regions.

Projected demand and origin of visitors

The group’s presentation, released on Wednesday during the third-quarter earnings call, includes an estimate of the adult population within a three-hour travel catchment of approximately 23.5 million. The document places 54% as the share of visitors coming from the Osaka region, 32% international and 14% from other regions of Japan.

"MGM Osaka was approximately 11% complete and "remained on schedule and on budget" for a 2030 opening," said Bill Hornbuckle, chief executive officer and president of MGM Resorts, during the call.

Financing and disbursements

MGM Resorts and Orix Corp of Japan are the lead partners on the MGM Osaka project, valued at JPY1.51 trillion (US$9.56 billion), with other Japanese firms as minority investors. Jonathan Halkyard, chief financial officer of MGM Resorts, said on the same call that the company has spent to date approximately JPY114,000 million on the project.

The group expects to contribute additionally JPY150,000 million to JPY160,000 million in each of the years 2027 and 2028, roughly US$1,000 million per year, thereby completing its funding commitments.

Gaming capacity and comparisons

MGM Osaka is planned with 470 gaming tables and 6,400 machines, totaling 9,220 gaming positions. That figure would be approximately 1.4 times the 6,612 positions combined at MGM China Holdings Ltd’s two Macau properties (MGM Macau and MGM Cotai), which as of 30 September had 750 tables and 2,112 machines.

The presentation also compares the 9,220 positions planned with the 6,408 at Marina Bay Sands in Singapore (per that operator’s 2025 annual report) and the 2,180 at the Bellagio in Las Vegas, owned by MGM Resorts; relatively, MGM Osaka would have a higher machines-to-tables ratio.

Competitors and target markets

One slide identifies Singapore and Macau as MGM Osaka’s "primary competitors." Secondary competitors listed include Seoul (South Korea), Manila (Philippines) and Sydney (Australia). The presentation compares travel times from potential markets such as Tokyo, Beijing, Shanghai, Seoul, Taipei and Hong Kong, but does not break down the share of international visitors by country or territory.