Asia
MGM forecasts further growth in Macau

MGM predicts future success and extension possibilities in Macau, along with the development of a second MGM Cotai hotel tower.
According to CEO Mr. Bowie, the foundation for a “new additional hotel tower of approximately 900 rooms” at the property has already been built. Furthermore, there are plans to build an additional 100 suites and more restaurants, shops and entertainment offerings, he said during an analyst and investor day hosted by MGM Resorts International.
The inauguration of Macau new casino, MGM Cotai, last February has meant a considerable growth for the company’s economy. “Net revenues running to March 31, 2018, were at US$2.82 billion, compared to US$2.72 billion a year earlier. In China, the new opening helped net revenues move up to US$596 million, compared to US$475 million in the first three months of 2017,” the company said in a statement.
Source: FocusGamingNews
-
Interviews5 days ago
Why crash has become big business for operators and suppliers
-
Asia4 days ago
BETBY TRIUMPHS AT SiGMA ASIA MANILA, WINNING BEST ESPORTS PROVIDER AWARD
-
Latest News5 days ago
Veikkaus Enters into Long-term Partnership with Jokerit
-
Balkans5 days ago
Evoplay partners with Palms Bet to strengthen Bulgarian presence
-
Compliance Updates5 days ago
Lukashenko Says Gambling Establishments Should Introduce Moratorium on Gaming in Debt
-
Interviews4 days ago
Bet Builder Q&A w/Abelson Sports’ CBO Jeevan Jeyaratnam
-
Conferences in Europe4 days ago
WiseGaming ready to showcase agile platform at SBC Malta
-
Latest News4 days ago
Oddschecker Announces Key Grid Position Updates