MGM Resorts praises passage of Japan's Integrated Resort Implementation Act

(PRESS RELEASE) -- MGM Resorts International said the passage today of Japan's Integrated Resort Implementation Act opens the possibility to drive significant growth in sustainable travel and tourism — particularly from international segments.

Jim Murren, Chairman & CEO of MGM Resorts, commented that, "The process has been very deliberate and transparent. We appreciate the high level of social responsibility reflected throughout the process by creating one of the most comprehensive bills of its kind anywhere in the world. MGM is proud to have provided academic research and economic analysis as well as facilitating numerous study sessions with experts from around the world. Today's passage allows us to advance our relationships with key stakeholders and together create a coalition of Japanese business partners who will collectively define a vision for a uniquely Japanese, world-class integrated resort."

MGM Resorts has a full-time development team in Japan and for the past four years has been engaged in discussions in Japan's cultural and business communities. The company believes it is well-positioned in Japan and has been preparing for this possibility by becoming immersed in Japanese culture to better its understanding of Japan's unique history and heritage. MGM Resorts has also embarked on enhancing its cultural commitment to Japan in the United States through the sponsorship of two world premiere Kabuki events with the famous Shochiku entertainment company and by showcasing established and emerging Japanese artists in the Company's art collections across the country.