MGM Resorts Outlines $1 Billion Annual Funding Plan for Osaka Project and Confirms Buyback Capacity
MGM Resorts International has detailed its financial strategy regarding the upcoming development in Osaka, projecting a funding requirement of approximately $1 billion per year during the 2027-2028 period. This capital allocation is part of the company's long-term expansion into the Japanese market. In addition to international expansion plans, MGM confirmed it maintains $1.4 billion in remaining share buyback capacity. The company also announced an amendment to its existing voting agreement with People, which restricts further share purchases once ownership reaches 29.9% and ensures alignment on voting matters.
Tickers: $MGM
Topics: ownership limits shareholder restrictions voting agreement