MGM China holds topping off ceremony for Cotai property

Guests of Honor at the Topping Off Ceremony included Mr. Guan Qing, Chairman of China State Construction Engineering Corporation cum Chairman of China State Construction Engineering Corporation Limited; Mr. Hao Jianmin, Vice Chairman & President of China Overseas Holdings Limited cum Executive Director, Chairman & Chief Executive Officer of China Overseas Land & Investment Limited; Mr. Li Jianbo, Vice Chairman of China Overseas Holdings Limited; Mr. Zhou Yong, Vice Chairman of China Overseas Holdings Limited cum Executive Director, Chairman and Chief Executive Officer of China State Construction International Holdings Limited; Mr. Jim Murren, Chairperson & Executive Director of MGM China Holdings Limited as well as Chairman & Chief Executive Officer of MGM Resorts International; Ms. Pansy Ho, Co-Chairperson and Executive Director of MGM China Holdings Limited, Mr. Bill Hornbuckle, Executive Director of MGM China Holdings Limited and Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Limited.

The ceremony was a combination of Chinese and Western traditions, echoing the success of MGM China with the union of both cultures. The Guests of Honor first gathered for a Chinese Bai Sun Ceremony of incense offering and roasted pig-cutting. Then a Western ritual was carried out with a pine tree being lifted to the highest beam of the building, along with eight fortune ornaments hung by the Guests of Honor to signify their wishes for a smooth completion of MGM COTAI, targeted to open in 2016.

MGM COTAI has been designed to represent the "jewelry box" of Cotai and plans to offer approximately 1,500 hotel rooms and suites, meeting space, high end spa, retail offerings and food and beverage outlets as well as the first international Mansion at MGM for the ultimate luxury experience. MGM COTAI will offer Asia's first dynamic theater and a spectacle to wow every guest who steps foot in our resort. MGM COTAI is being developed to drive greater product diversification and bring more advanced and innovative forms of entertainment to Macau as it grows as a global tourist destination.

Mr. Jim Murren said of the celebrated occasion: "MGM is synonymous with world class entertainment and customer service. We are raising the bar here in Macau and are proud to be developing a never-been-seen-before design and entertainment experience at MGM COTAI. Today is a milestone for MGM's history, and we are one more step closer to unveiling MGM COTAI. When we open in 2016, this property will surely be a must-see attraction and a welcomed addition in making Macau a global tourism destination."

Ms. Pansy Ho said: "I am proud to have been partners with MGM since the beginning in 2007 when MGM MACAU opened. I'd like to give my heartfelt thank you to our team and to the Macau SAR government for giving our company the opportunity to develop our resort in Cotai. To have witnessed the growth of the company with our second property on the horizon is beyond wonderful. We see MGM COTAI as an opportunity for us to do more for the Macau community, to increase the diversification of our offerings and making Macau an even more desirable destination."