MGM Resorts International Waiting on Japan’s Final Decision on Legalizing Gaming in 2022

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MGM ($NYSE:MGM) Resorts International is a global entertainment and hospitality leader that is renowned for its iconic Las Vegas Strip resorts. The company has recently been waiting on Japan’s final decision on legalizing gaming in 2022. The Ministry of Land, Infrastructure, Transport, and Tourism is uncertain as to whether they will be able to make a final decision by the end of 2022 concerning proposals from the Osaka and Nagasaki prefectures for Japan’s first integrated resort. MGM Resorts International and ORIX Corp. are supporting the Osaka proposal while Casinos Austria International is partnering with the Nagasaki proposal. This means that the long awaited legalization of gaming in Japan may be delayed yet further. Both proposals are currently undergoing an evaluation process in which their merits will be weighed against the potential social costs of allowing casinos in Japan. The Japanese government has already enacted laws to regulate the casino industry and has implemented a number of measures to ensure that problem gambling is kept to a minimum, should casinos be allowed to operate. The government is also considering how to best mitigate the impact of foreign tourists on the localities where casinos will be located.

This includes measures such as restricting access to certain areas, setting limits on the number of visitors allowed, and imposing taxes on foreign visitors. The uncertainty surrounding the decision has caused some investors to take a wait-and-see approach to investing in MGM Resorts International stock. The company has already seen an increase in share prices over the past year, but without a firm decision from Japan, investors may be wary of investing too heavily in the stock. Should the Japanese government decide to legalize gaming in 2022, it would be a major boost for MGM Resorts International, as well as its partner companies. This could lead to increased investment in the company’s stock and potentially a surge in profits as they gain access to a new market. Until then, however, MGM Resorts International will have to wait for Japan’s final decision before knowing if their gamble will pay off.

Stock Price

On Monday, MGM RESORTS INTERNATIONAL stock opened at $36.2 and closed at $36.9, up by 1.5% from previous closing price of 36.4. This shows that the stock market is optimistic about Japan’s decision and is looking forward to a positive outcome. It is now waiting to see if its investments will pay off and if they can gain a foothold in the Japanese gaming market. Japan is currently the world’s third-largest economy and could provide a lucrative opportunity for MGM Resorts International if gaming is legalized. It is widely expected that the Japanese government will make its final decision on gaming legalization sometime in 2022.

The decision will be based on a number of factors, including public opinion, economic considerations, and the potential for foreign investment. MGM Resorts International has expressed confidence that the decision will be positive and that it will be able to take advantage of the potential for expansion in Japan if gaming is legalized. If Japan legalizes gaming, it could open up a massive new market for MGM Resorts International and other companies looking to expand into the Asian gaming market. For now, investors are optimistic about the potential for growth and have seen an increase in their stock value as a result. Live Quote…

About the Company

VI Analysis

MGM Resorts International is a leading global hospitality and entertainment company. It has a medium risk rating according to the VI Risk Rating, which takes into consideration the company’s financial and business fundamentals. This rating reflects the company’s long-term potential. The VI App has identified one risk warning in the income sheet, indicating that potential investors should take caution. To evaluate a company’s financial health, investors should look at its balance sheet, income statement, and cash flow statement. These documents give insight into the company’s financial position, which includes debt and equity, assets and liabilities, and cash inflows and outflows. Additionally, investors should analyze the company’s business performance, including its competitive advantages, market share, customer loyalty, and profitability. By considering both the financial and business aspects of MGM Resorts International, investors can make an informed decision about whether it is a suitable investment for them. Although the VI Risk Rating assigns a medium risk rating, investors should also consider their own risk appetite and investment objectives before making a decision. Further research is recommended to gain a comprehensive understanding of the company before investing. More…

VI Peers

MGM Resorts International is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay, The Mirage, and more. The company’s competitors include SkyCity Entertainment Group Ltd, Wyndham Hotels & Resorts Inc, and Cruzani Inc.

– SkyCity Entertainment Group Ltd ($NZSE:SKC)

SkyCity Entertainment Group Ltd is a casino and hospitality company based in New Zealand. The company has a market cap of 2B as of 2022 and a Return on Equity of 3.48%. SkyCity operates four casinos in New Zealand, two in Australia, and one in Chile. The company also has a number of hotels, restaurants, and bars.

– Wyndham Hotels & Resorts Inc ($NYSE:WH)

Wyndham Hotels & Resorts, Inc. is one of the largest hotel companies in the world, with over 9,000 hotels across more than 80 countries. The company offers a variety of hotel brands, including Wyndham, Ramada, Days Inn, Super 8, and Howard Johnson. Wyndham Hotels & Resorts is headquartered in Parsippany, New Jersey. The company’s market cap is 6.2B as of 2022 and its ROE is 30.65%.

Summary

Investing in MGM Resorts International can be a great opportunity for investors looking to capitalize on the potential of gaming in Japan. While the exact timeline for a final decision on legalizing gaming in the country is still uncertain, the potential economic benefits are significant. If approved, MGM Resorts International, with its extensive experience in the gaming and hospitality industry, would be well-positioned to capitalize on the opportunity. In addition to being able to leverage its core competencies, MGM Resorts International has a long history of successful investments in the gaming industry. With its existing portfolio of resorts, casinos, and entertainment venues around the world, the company is well-prepared for potential growth in Japan.

MGM Resorts International has also demonstrated its commitment to innovation, with investments in cutting-edge technology and new amenities. This commitment to innovation means that investors are investing in a company that is constantly looking for ways to improve its offering and stand out from the competition. Given its strong financial position, industry expertise, and commitment to innovation, investing in MGM Resorts International can be an attractive option for investors looking to capitalize on the potential of gaming in Japan. While there is no guarantee that the company’s efforts will be met with success, its track record of success in the gaming industry suggests that it is well-positioned to capitalize on any potential opportunities in the near future.