MGM Resorts Joint Venture Signs Implementation Agreement for Integrated Resort in Osaka, Japan

Marks Finalization of the Certification Process

MGM Resorts International (NYSE: MGM) today announced that Osaka IR Corporation, a joint venture with ORIX Corporation established to develop the Osaka IR Project, signed an agreement with Osaka Prefecture and Osaka City to implement the Specified Integrated Resort Facilities Area Development Plan for Yumeshima, Osaka.

MGM and ORIX, together with Osaka IR Corporation, will contribute to the sustainable growth and development of tourism and the economy of Osaka and the Kansai region, as well as Japan through this first-of its-kind project in Japan.

"This is a significant moment for our company as we officially close the certification process and begin to focus on executing our vision, in partnership with ORIX, to build a world-class integrated resort in Osaka," said Bill Hornbuckle, President and CEO, MGM Resorts. "We remain passionately committed to this project and look forward to bringing Japan and Osaka best-in-class gaming, entertainment, dining and retail experiences. Our vision is to bring MGM's 'wow' DNA from Las Vegas to Osaka and build a resort that will be a source of great pride in the community."