MGM Resorts to invest $2 billion in Osaka project over 2027-28

MGM Resorts International plans to invest approximately $1 billion annually in its MGM Osaka integrated resort project in 2027 and 2028 , as Japan development and potential share repurchases emerge among the company's main capital allocation priorities over the next few years. Speaking on the company's third-quarter 2026 earnings call, Chief Financial Officer Jonathan Halkyard said MGM had invested approximately JPY114 billion ($722 million) in the project so far . The company expects to contribute another JPY150 billion to JPY160 billion ($950 million to $1 billion) in each of the next two years, completing its funding commitments.