Inside Asian Gaming

INSIDE ASIAN GAMING DECEMBER 2018 12 MGM COTAI RACING TO OPEN SOME MANSION VILLAS BY CHINESE NEW YEAR MGM CHINA IS racing the clock to finish some of its highly-anticipated The Mansion luxury villas in time for Chinese New Year in early February 2019. But the company remains on track to launch its premium mass President’s Club gaming area before the end of this year. The latest update to progress on MGM COTAI’s high-end offerings was delivered by MGM China CEO and Executive Director Grant Bowie during MGM Resorts’ 3Q18 earnings call, with the company having earlier announced a 37% year-on-year increase in net revenue to HK$4.8 billion from its Macau operations for the quarter. The Mansion, a private enclave housing 27 villas ranging in size from 215 to 570 square meters each, is seen as the last piece in the jigsaw for MGM COTAI’s VIP plans, with five junket operators expected to be up and running at the property in early 2019. “President’s [Club] will be ready before the end of the year, in December,” Bowie said, “and we’re working really hard to get some of the Mansion villas available for Chinese New Year. “We have good grounds to think that’s going to happen, so that’s a big positive for us.”