International edition
September 28, 2020

Said sources from MGM China

“At Cotai project, we hope to bring in a unique MGM experience to visitors”

(Macau, Exclusive Yogonet.com).- MGM China, one of the leading casino gaming resort developers, owners and operators in the greater China region, granted an interview to Yogonet.com about the development of Cotai project. Sources of the firm talked about this development, which officially broke ground last February 27, in a ceremony that gathered authorities of the island as well as executives from the company.

We have broken ground in February this year. In May, we have appointed a general contractor for the construction. We are now doing some foundation work and we are on track to a mid-2016 opening,” anticipated sources of the firm when consulted on the matter. 

Construction activities commenced on the Cotai Site in the third quarter of 2012 for site preparatory work and to lay foundations, which is estimated to be completed by the end of 2013. Upon completion of the foundations, the Main Contractor shall take possession of site and commence his assigned Construction Works on or around January 2014. CSC, the Main Contractor, is principally engaged in building construction and civil engineering works. 

Then, MGM China spokesperson commented about Cotai project itself: “Our budget is us$2.6 billion, with 1600 hotel rooms, 500 tables and 2500 slots. Over 85% of the area would be non-gaming offering - including restaurants, retail and entertainment. We hope to bring in an unique MGM experience to visitors. It will be our second property in Macau and we are confident to bring a new level of experience with quality service to our visitors.”

Then, sources of MGM China were consulted about the importance of Macau for MGM's business strategy regarding other global gaming markets as Las Vegas. “We are very encouraged by the consistent growth in Macau. The growth especially in the mass market is very pleasing and confirms that the Macau market is diversifying as the customers are more likely to be interested to partake in more tourism and leisure activities while in Macau,” affirmed MGM China sources. “As additional capacity is added to the market in terms of hotel rooms and other non-gaming attractions, we would expect that this will allow the market to continue to grow as we strive to broaden our customer appeal and attractiveness.” 

“We are optimistic that the Macau gaming market and visitation levels will continue to grow – with the economic growth of China resulted in growing middle class with rising disposable income; infrastructure improvements which can facilitate more convenient travel to and within Macau; the efforts and investments made by gaming concessionaires to solidify Macau as a destination market with superior and diverse integrated resort products,” the spokesperson concluded.

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