MGM Resorts opens billion dollar Macau casino complex

MGM Resorts opens billion dollar Macau casino complex

Wednesday, February 14, 2018 Posted by Michael Lawson
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The full cost of the casino is reportedly sitting at $3.4 billion.

MGM Resorts opened its $3.4 billion (£2.5 billion) casino resort in the Chinese-controlled territory of Macau yesterday, just days ahead of the Lunar New Year holiday.

MGM COTAI, which will more than triple the number of MGM’s hotel rooms in the former Portuguese colony to 1972, marks a major expansion for the global resort and casino brand.

The new complex, MGM’s second and the biggest investment in Macau, boasts a 2000-seat theatre and artwork including 28 carpets from the Qing dynasty. It will increase MGM’s overall gaming table count in the hub by 29% to 552.

“We set out with a vision to develop an integrated resort that brings first of its kind experiences to Macau and beyond," said James J. Murren, Chairman & Chief Executive Officer of MGM Resorts International and Chairperson & Executive Director of MGM China Holdings Limited. "I am incredibly proud of the talented global team of MGM professionals for bringing this vision to life with the opening of MGM COTAI.” 

He added: “MGM is committed to supporting the development of Macau as a global tourism destination and I am grateful to the Macau government for allowing us the opportunity to invest and develop a second property here.”

Pansy Ho, Co-Chairperson and Executive Director of MGM China Holdings Limited, commented: “Macau SAR is stepping into its 20 years and has made remarkable achievements. The city has now become a distinguished ‘Global Brand’, allowing us to showcase our ambition and determination by developing an architectural ‘Jewelry box’ for the city.

“Serving Macau has always been MGM’s mission. With the vision of ‘To inherit the past, to explore the future’, we leveraged innovation and artistry to tell the story of Macau and create extraordinary moments for the people of Macau as well as guests from around the world.”

Totally Gaming says: MGM Resorts has reiterated its status as one of the world’s foremost casino resort brands, with the unveiling of its new multi-billion dollar complex in the East Asian gambling hub of Macau. And given the fact that betting in Macau has witnessed a 36% year-on-year jump, the timing couldn’t be more ideal.

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