MGM Resorts International signaled it will spend roughly $1 billion in each of 2027 and 2028 on its integrated resort project in Osaka, Japan, while maintaining a fall 2030 opening timeline. CFO Jonathan Halkyard said during the company's second-quarter earnings call that the funding commitment for the second half of 2026 is expected to be $125 million to $175 million, and the project remains on time and on budget. The update came as MGM reported record second-quarter consolidated net revenue, with all-time best same-store quarterly revenue from regional operations and 20% year-over-year revenue growth at MGM Digital. In Macau, MGM China held a 16.4% market share, up a full percentage point sequentially, despite a temporary World Cup impact on June volumes. The company also disclosed that its board formed a special committee to review an unsolicited offer from People Incorporated, though executives declined to answer questions on the matter.
MGM Resorts InternationalRecord Q2 revenue, strong regional and digital growth, Osaka project on track.
MGM China Holdings LtdMarket share in Macau rose to 16.4% despite World Cup impact.
People Co., Ltd.
People Incorporated