Macau: MGM Grand Macau opens Tuesday placing all operators in the market

18 December 2007

Macau, China, 18 Dec – The MGM Grand Macau casino, a partnership between US company MGM Mirage and Pansy Ho, daughter of Macau gaming magnate Stanley Ho, is due to open Tuesday with 385 gaming tables and 890 slot machines, thus making all licensed operators active in the market.

The new hotel/casino, the 28th gaming and gambling venue in the Special Administrative Region, is part of a complex including a hotel with 600 rooms, suites and apartments and has 16 gaming rooms for high rollers that the consortium call “preferential clients.”

Located by the river, the MGM Grand Macau is 35-storeys high, has shopping areas, as well as convention and exhibition areas and restaurants, will employ 6,000 people.

According to Pansy Ho, the MGM Grand Macau is the first of “several projects” that the partnership has outlined for Macau and the consortium also plans to develop a hotel/casino in the Cotai area, between the islands of Taipa and Coloane, where The Venetian, the world’s largest casino, is also located.

The gaming sector in Macau currently has six operators – three concession-holders and three sub-concession holders: Sociedade de Jogos de Macau, Las Vegas Sands, Wynn Resorts, Galaxy Resorts, MGM Macau and Melco/PBL, a consortium headed up by Lawrence Ho, the son of Stanley Ho, and Australian magnate James Packer. (macauhub)