JPMorgan Sees MGM Osaka Adding $31 Per Share by 2030 Opening

Investment bank JPMorgan has projected that MGM Resorts International’s planned casino resort in Osaka, Japan, could add as much as $31 to the company’s share price once it opens. The estimate was outlined in a recent research note from the bank, which compared the future property to Marina Bay Sands in Singapore as a benchmark for potential performance.

MGM Osaka is currently scheduled to open in 2030, marking the operator’s entry into the Japanese gambling market. Japan legalized casino resorts in 2018, and MGM won a bid to develop the integrated resort in Osaka in 2021. The project is expected to cost billions and feature a hotel, convention space, and entertainment facilities.

JPMorgan’s analysis suggests that the resort could generate significant earnings for MGM Resorts, driving a notable increase in its stock valuation. The bank’s comparison to Marina Bay Sands, one of the world’s most profitable casinos, indicates confidence in the Osaka project’s revenue potential.

MGM Resorts trades on the New York Stock Exchange under the ticker MGM. The company has not publicly commented on JPMorgan’s estimate, but the projection underscores the long-term value investors may see in the Japanese market.

The Osaka resort is part of a broader strategy by MGM to expand its international footprint, particularly in Asia, where Macau has long been a dominant gambling hub. If the project proceeds on schedule, it could become a major contributor to MGM’s financial results later this decade.