Fourth-quarter deadline
MGM Cotai to open on schedule despite Typhoon
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.
2017-09-07
Reading time 25 seg
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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