Fourth-quarter deadline

MGM Cotai to open on schedule despite Typhoon

The MGM Cotai was originally scheduled to open in 2016 and was pushed back to the second half of this year.

| 07/09/2017

The Chief Executive Officer of MGM China Holdings Ltd. Grant Bowie confirmed the US-based operator is moving forward with its USD 3.32B project despite the damage caused by typhoon Hato.

"This has been a pretty tough event for the whole city – but it seems to be coming back to normality reasonably quickly,” noted MGM China's Mr Bowie in an special report shared by GGrasia.

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.

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