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MGM - MGM Resorts' Chances for a Casino License in Japan Just Got a Major Boost
MGM Resorts International
It looks like MGM Resorts(NYSE: MGM) is the last man standing in the bid to win a casino license in Osaka, Japan, after Genting Singapore(OTC: GIGNY) dropped out of the race.
While the government still needs to decide which cities will host the new gambling halls, Osaka has an inside track because it is the site of the 2025 World Expo, meaning MGM could be the early winner.
The Dotonbori shopping district in Osaka, Japan. Image source: Getty Images.