Scientific Game

MGM Cotai, Imperial Pacific Resort race to meet 2018 launch dates

Tuesday, 12 December 2017 06:10
Share
Visit us

MGM China CEO and Executive Director Grant Bowie says the company is confident its new US$3.4 billion Macau integrated resort, MGM Cotai, will be ready to open by 29 January despite having yet to receive license approvals.

Speaking to Macau government broadcaster TDM, Bowie said that MGM China was working closely with the government to meet the “stringent standards” required to be given the green light.

“We’re still certainly working towards our 29th opening,” he is quoted as saying. “We’re working through now with the government with all the approvals. I think most people now in Macau, we have very stringent standards and we’re working through those processes and collaborating with the government.

“We’re confident that we can make the 29th opening.”

However, Bowie confirmed that MGM was facing a manpower shortage and would have to transfer a number of employees from its peninsula property MGM Macau to its new Cotai resort. The company will also hire qualified non-resident workers.

A lack of workers is causing similar headaches for Imperial Pacific International (IPI) in Saipan where it is racing the clock to finish construction of the casino and hotel at Imperial Pacific Resort by August 2018.

In an interview with Marianas Variety, IPI Chairman Mark Brown revealed that “construction is moving along” but “obviously not as quickly as we anticipated” due to a shortage in the number of construction workers on the island.

“We are dealing with it,” he said. “The whole island is dealing with these same workforce issues.”

Brown said that the company had since hired workers from the US and the US territory of Guam who were expected to arrive soon.

 “We will have 200 coming within the next month on top of the 200 workers that we have now. I wish we had 1,500 workers, but if we can have 300 to 400, we’ll still be able to handle it and we’ll get through it,” he explained. “We’ll meet our target which is August of 2018. This building will be completed on time.”

IPI announced in July that it had signed a written amendment to its original Casino License Agreement reducing the number of development phases from five to two and extending the deadline for full completion by eight years to 13 August 2028.

Under the revised Casino License Agreement signed on Monday, IPI has until 31 August 2018 to complete its initial gaming facility, which opened for business that month.

The gaming facility incorporates a 329 room luxury hotel; 14,140 square meters of gaming area; 3,870 square meters of food and beverage outlets; 186 square meters of retail space; 930 square meters of meeting space; 15 villas; and 1,500 square meters of spa and fitness area.

 

 

What's new

MGM proposes US$22 billion REIT merger

MGM proposes US$22 billion REIT merger The real estate arm of MGM Resorts, MGM Growth Properties (MGP), has sent a letter to the CEO and the Chairman of the Board of Directors of VICI Properties Inc proposing to acquire 100% of VICI’s outstanding common stock for US$19.50 per share. In a press release, MGP said that the proposal –... Wednesday, 17 January 2018 06:45

Macau’s mass market soars in 4Q17

Macau’s mass market soars in 4Q17 Official gross gaming revenue figures released by Macau’s Gaming Inspection and Coordination Bureau (DICJ) have revealed that mass market revenue grew by 17.1% year-on-year in the fourth quarter of 2017 to MOP$31.7 billion (US$3.9 billion), a result that Union Gaming analyst Grant Govertsen descri... Wednesday, 17 January 2018 06:24

China welfare lottery sales up 5.1% in 2017

China welfare lottery sales up 5.1% in 2017 China’s welfare lottery sales grew 5.1% in 2017 to RMB217 billion (US$33.6 billion). According to the Welfare Lottery Distribution and Management Center, which is managed by the Ministry of Civil Affairs, the lottery raised more than RMB62 billion for public welfare funds last year, state news ag... Wednesday, 17 January 2018 06:01

Lower-tier Chinese cities to drive Macau growth

Lower-tier Chinese cities to drive Macau growth Macau is set to become one of the major beneficiaries of the rise of China’s lower-tier cities, which contributed more than half of the 20 million Chinese visitors to Asia’s gaming hub in 2017, according to a new research report by Morgan Stanley. Examining consumption trends of China’s non-... Wednesday, 17 January 2018 05:44

Current Issue

VIDEO: Inside Asian Gaming to host Asian Gaming Power 50 Gala Dinner

VIDEO: Inside Asian Gaming to host Asian Gaming Power 50 Gala Dinner Inside Asian Gaming will host the inaugural Asian Gaming Power 50 Gala Dinner on 23 November 2018. Friday, 12 January 2018 06:47

ENTER THE DRAGON2

ENTER THE DRAGON2 NagaWorld’s expansion lifts the Mekong region’s largest integrated resort and Phnom Penh into the top tier of regional destinations, with an increasing focus on Chinese tourists. By Muhammad Cohen | Editor at large in Phnom Penh   When I first visited NagaWorld six years ago, the casino hot... Friday, 29 December 2017 03:00

Strength in numbers

Strength in numbers Macau’s VIP segment has been historically volatile, but has surprised with the sheer strength of its resurgence in 2017. What can we expect from VIP in 2018? By Ben Blaschke   If the jury was out on the sustainability of Macau VIP’s resurgence for much of 2017, it’s not anymore. Having cop... Friday, 29 December 2017 02:54

Data driven

Data driven From the traditional betting habits of Europe to the expanses of Asia, data analytics firm BettorLogic is showing how the correct use of data can provide benefits to sportsbook operators and customers alike. By Ben Blaschke   One of the enormous challenges facing sportsbook operators today is st... Friday, 29 December 2017 02:46