MGM Resorts sees huge upside in Japan

MGM Resorts (MGM -0.7%) CEO James Murren is out with a bold prediction on the casino market potential in Japan.

The exec says the nation could bring in more money for MGM than Macau.

Unlike Macau, MGM won't be restricted to a tight space in Japan if the government legalizes gambling, notes Murren.

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  • Workinprogress
    , contributor
    Comments (27) | Send Message
    What about LVS and other companies that are trying to get into Japan? Some of these competitors have already begun this process. Honestly I think MGM is behind the eight ball a little bit. By the time it is actually ready to start building, a lot of prime sites will be taken by competitors. It IS a good attempt at expansion, and investors may jump on MGM for the newfound diversification, but the Japan thing isn't anything new in the industry. Had this been done a year ago MGM would have been in a way better position.
    20 May 2014, 10:12 PM Reply Like
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