Tag Archives: MGM Cotai
China – MGM to boost VIP as well as mass with MGM Cotai
Despite promoting its soon-to-open MGM Cotai as a mass gaming property, MGM China has said it will also help to boost its share of VIP play having seen VIP revenue fall by 1.9 per cent in the first half of 2017. The Las Vegas-based operator said the property will open by the end of the…
China – MGM Cotai presents Asia’s first dynamic theater
MGM Cotai, a HK$26bn integrated resort set to open in the fourth quarter of 2017, will represent MGM’s vast experience in entertainment, creating first-of-its-kind entertainment experiences in Asia through the MGM Theater at COTAI, Asia’s first dynamic theater. Designed by Scéno Plus, a world leading performance arts and entertainment design firm, the MGM Theater at…
China – MGM Cotai reveals new Chinese name
MGM has now unveiled its golden lion statue at MGM Cotal, with the announcement of the integrated resort’s name in Chinese “Ｍei Si Mei Gou Mui” (美獅美高梅), meaning “Beautiful Lion, Beautiful MGM.” This impressive new statue provides an iconic entrance to MGM Cotai, serving as a gateway to the extraordinary experiences that will be available…
China – Further delays to MGM Cotai opening
MGM China has announced that its $3.1bn MGM Cotai, an integrated casino, hotel and entertainment resort located in Cotai, Macau, is now expected to open during the second half of 2017. The company stated: “Given the complexity of the design of MGM Cotai and the Company’s commitment to a successful opening that reflects the demands…
China – MGM outpacing mass market in Macau
MGM China reported a revenue increase of 11 per cent for the second quarter, taking revenue to HK$3.9bn, and with mass gaming accounting for nearly 80 per cent of the group’s profit. The Group’s EBITDA margin grew to 33 per cent for the Period as a result of business mix and cost management, a 350bps…
China – MGM delays Cotai opening by three months
MGM China is delaying the debut of its new MGM Cotai Casino Resort by three months to mid 2017. MGM added that the investment would also be slightly more than expected. Jim Murren, Chairman and Chief Executive Officer, said: “We have decided to push out the opening date a bit for the MGM Cotai Casino…
China – Government sign off could delay opening of MGM Cotai
MGM China has warned that opening of MGM Cotai could be delayed beyond the target date of the first quarter of 2017. The news came as the group announced its first quarter earnings where it recorded total revenue of HK$3.6bn, representing a decrease of 25 per cent from a year ago, although this narrowed from…
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…
China – MGM tops off on second Macau casino
MGM China has celebrated a momentous happening in the company’s history with the topping off of MGM Cotai, the second integrated resort of MGM China in Macau. The Guests of Honour, including senior executives from China State Construction Engineering Corporation Limited, hung fortune ornaments onto the pine tree which is later lifted to the highest…
