Cotai resorts seen viable, but returns to disappoint

  The multi-billion properties opening up on Macau’s Cotai strip are still likely to be viable, despite the slump in gaming revenue in the territory, though returns will fall far short of the levels expected when the resorts were first planned, analysts say. This year, Wynn Resorts is scheduled to open its $4.1 billion Wynn Palace in June, while Las Vegas Sands will debut its $2.6 billion Parisian property in Q4. MGM Resorts is also scheduled to open the doors to its $3.1 billion MGM Cotai towards the end of the year, while smaller openings are expected from Macau Legend with its Legend Palace property. In late 2017, SJM Holdings will launch its $3.87 billion Lisboa Palace resort, while in the first half of the year, Melco Crown is scheduled to open the fifth tower at its City of Dreams property with an $800 million price tag. The new additions will be adding...

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