Stewart has been in gaming journalism since 2012, working across online and land-based betting and gaming sectors, in both print and digital media. Following five years as editor of iNTERGAMINGi magazine, Stewart joined SBC in...
Read Full BioMGM China confirmed today that the opening of the €2.78bn MGM Cotai development in Macau has been delayed.
The casino, hotel and entertainment complex – MGM’s second in Macau – was scheduled to open on Monday, January 28, but has been delayed with the company blaming “the administrative approval process”.
In a statement, MGM China said: “The company is undergoing the administrative approval process of obtaining relevant licences to operate MGM Cotai. As a result, it is now expected that the public opening date of MGM Cotai will be within the month of February 2018.”
Project costs “remain unchanged at approximately HKD27 billion [€2.8bn],” the company said.
Following news of the delay, MGM China’s share price fell more than seven per cent on the Hong Kong stock exchange, to HKD23.25 (€2.40), down 7.37 per cent.
