MGM Cotai slated for 17Q2 launch

MGM China has confirmed that its HK$24 billion ($3.1 billion) Cotai resort will open in the second quarter of 2017.

“We believe it [MGM Cotai] will be well received by the market and we are confident to capture the growth opportunities of Macau,” said Grant Bowie, chief executive officer and executive director of MGM China.

Yesterday, casino operator MGM Resorts International reported better than expected results for the three months ended September 30, 2016.

According to a press release from the company, the Las Vegas based operator said it had delivered the best quarter in terms of net revenue and adjusted property EBTIDA generated by its domestic results.

As for its Macau operations, MGM China posted above expectations adjusted property EBITDA, which increased to $149.9 million in the third quarter of 2016, up from $128.2 million in the prior year quarter.