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China – MGM to delay Cotai opening as revenues slide by a third

MGM Resorts has confirmed it is delaying the opening of its casino on Macau’s Cotai strip until 2017 with the hope that market conditions will have improved by then. The US$2.6bn MGM Cotai project has already seen its opening delayed from early 2016 until the autumn of 2016. MGM stated: “The company has made the…