MGM China CEO Grant Bowie announced a $200 million expenditure plan to revamp the peninsula property up to 2016. Renovations include new VIP and mass gaming areas, increased retail options, and are expected to be completed just ahead of the opening of the Cotai property, currently under construction at “full steam.”
The executive told media of the introduction of the “skylofts” in the middle tower MGM Cotai, a concept the company pioneered in the U.S.
Bowie acknowledged the need for the MGM Macau property to reinvent itself both in gaming operations and non gaming activities to keep up with the market demands in a press briefing on Wednesday.
Meanwhile, construction works are already underway at MGM Macau – and all other major properties – to comply with the recent non-smoking regulations,.
With a single property in the peninsula, MGM China features the lowest market share of the Macau gaming market at 8.8 percent in July, down 1.5 percent.