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Business deals

MGM Resorts joins Orix for Osaka casino bid

Las Vegas resort operator becomes first international player to enlist local partner

TOKYO -- Gaming giant MGM Resorts International will team up with Japanese financial services group Orix to bid for one of the country's first three casino licenses in a market that could be worth up to 1.75 trillion yen ($15.9 billion) a year.

"MGM Resorts confirms that we are working with Orix to create Japan's first Integrated Resort in Osaka," MGM Resorts Japan chief executive officer Ed Bowers said in a statement.

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