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Big talk from MGM and Melco Crown on Japan

Feb. 22, 2017 11:00 AM ETMGM Resorts International (MGM) StockLVS, MGM, MLCOBy: Clark Schultz, SA News Editor18 Comments
  • MGM Resorts (MGM -0.9%) CEO James Murren talked up the company's chances to land a casino in Japan during a conference in Tokyo.
  • Murren says MGM's grand scale and entertainment booking strength make it a strong choice.
  • MGN plans to expand its Tokyo office and add staff, according to Bloomberg.
  • A large group of casino companies are expected to compete for Japan gaming licenses, including Las Vegas Sands (LVS -0.4%) and Melco Crown Entertainment (MPEL -0.5%).
  • Earlier this week, Melco said there is no limit to how much it will invest in the nation. "This opportunity is priceless and we’ll spend whatever it takes to win," stated CEO Lawrence Ho.

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