Pursuits
MGM's Solution to Trouble in Macau: Treat the Masses Like VIPs
- High-roller parlors operated by junkets shrink in new hotel
- $3 billion property, MGM's second in market, opens in 2016
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Faced with a slump that’s shaved almost $14 billion in revenue from the world’s largest gambling market, MGM Resorts International is making its second casino in Macau a lot friendlier to the average tourist and casual gambler.
The $3 billion MGM Cotai, scheduled to open in the fourth quarter of 2016, will feature smaller rooms for VIPs, the high-rollers whose absence from Macau’s casinos has led to the plunge in gambling, Chairman and Chief Executive Officer Jim Murren said in an interview. The property, being built by MGM China Holdings Ltd., will devote more space than the existing MGM Macau to mass-market gamblers, Murren said in an interview Monday.