After several delays in launching the $ 3.4 billion resort, MGM China opens its doors on Tuesday. In Macau, the only place in China where gambling is legal, the latter is invested heavily.
Several casinos recently launched many new mega resorts. These mega-resorts have everything, including culinary eateries and even entire indoor theme parks. This makes Macau even more attractive for various gamblers. Until now all investments have worked, the income in Macau has increased by 36% compared to the previous year.
Multiple delays due to Hato
The launch of the MGM mega-resort suffered several delays. The most recent of which took place in August. This was the result of Typhoon Hato who left a path of destruction in South China. It was the worst typhoon of the last 50 years. Last January the launch was again postponed by MGM China. The company then underwent an approval process to get relevant licenses.
More than a casino
MGM Cotai is the newest casino in the Chinese gambling world that, in addition to the gaming attractions, will also promote a luxury spa and art collection. Some major players have also returned to Macau. These “high-rollers” are the biggest drivers of revenue growth in 2017, Bloomberg News reported. Beijing is now considering legalizing gambling in several places in China. Including the island of Hainan and maybe even on the mainland. This could be a historic change for the communist government.