By The Weekly Edge desk ·
Orix sees sustained demand supporting MGM Osaka and expects the project to generate steady cash flows, GGRAsia reported on 7 September. The JPY1.51tn development is Japan’s first integrated resort with a casino, with Orix partnering MGM Resorts International.
Orix’s assessment gives investors its expectations for sustained demand and steady cash flows from MGM Osaka.
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The agreements impose payments on MGM Resorts International and CountR for licensing breaches in Pennsylvania.
MGM's late licensing application drew a $50,250 penalty, while CountR agreed a $50,000 settlement over licensing violations.
MGM’s $50,250 penalty highlights the financial consequences of a late principal licensing application.
People Inc.’s withdrawal ends its proposed $18bn acquisition of all publicly held MGM shares.
MGM Resorts retains its independence after People Inc withdrew its proposal to acquire the remaining publicly held shares.
BetMGM and MGM Resorts’ funding supports gambling research, state councils, the 1-800-GAMBLER helpline and the Evive Foundation.