Opening date changed for second time

MGM Cotai to kick off in Q4

Jim Murren, MGM Resorts CEO.

Macau 
| 03/05/2017

The company's CEO said they are currently working to complete the project during the second half of 2017.

MGM Resorts CEO James Murren revealed -during a conference call discussing the group’s first-quarter earnings- that the new gaming facility in Macau will be ready at the end of this year around “National Day Golden Week.”  

“It is going to open this year in the fourth quarter and probably right around [or] right after Golden Week, probably,” said Murren. “But it’s going to open this year for sure and it’s going to be very spectacular.”

Hong Kong-listed MGM China Holdings Limited already operates the nearby MGM Macau property and saw its first-quarter net revenues rise by 7.1% year-on-year to reach $502.3 million while its adjusted earnings before interest, tax, depreciation and amortization increased some 25.2% to $142.9 million.

Grant Bowie, CEO and executive director of MGM China, said the company was “working to meet the target of the opening date in the second half of this year."

Yogonet.com/macaudailytimes.com

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