MGM Resorts sets sights on Toronto for Major Casino and Entertainment Resort
Las Vegas MGM Resorts has expressed an interest in opening up a massive entertainment complex in the city, which would house a casino as well as hotels, restaurants, spas and a convention centre. MGM Resorts has hired a local firm, Sussex Strategy Group, who signed up to lobby on MGM’s behalf on April 4, according to records filed with Toronto’s lobbyist registrar.
MGM is exploring a $2 to $6 billion investment in Toronto, one that could go well beyond casino games to include hotels, restaurants, spas and convention facilities.
MGM operates some of the most popular casinos in Las Vegas including Bellagio, MGM Grand, The Mirage and Mandalay Bay. MGM is also responsible for the $9 billion City Center project in Vegas.
Like other Las Vegas based casino giants, MGM have turned their recent expansion focus outside of the US, specifically to the very profitable Macau.
The company also owns the MGM Grand in Detroit, just kilometers from the Ontario border.
The Ontario government has recently announced plans to open up a casino in the Greater Toronto Area, a project that could create some 4,000 new jobs and bring in new money to the government as part of an overhaul to the province’s gaming industry.
Other gaming companies are rumoured to have similar expansion interests in Toronto.