• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

MGM Cotai still on for 4Q launch despite typhoon: Bowie

Sep 06, 2017 Newsdesk Latest News, Macau, Top of the deck  


MGM Cotai still on for 4Q launch despite typhoon: Bowie

MGM Cotai (pictured), a new HKD26-billion (US$3.32-billion) casino resort under development in Macau, should be able to meet its promoter’s fourth-quarter deadline for opening, despite the disruption wrought on the city by Typhoon Hato, said a senior executive.

Grant Bowie, chief executive of Macau gaming licence holder MGM China Holdings Ltd, told GGRAsia: “We are moving forward. Obviously with the typhoon, it didn’t help us, because of all the issues the government now has to cope with. So we are just trying to work out that our programme’s still holding.”

Intensive clean up work around the city went on for days after the typhoon – the strongest recorded storm in Macau for 53 years – struck Macau on August 23. In the aftermath of the storm, road transport was hampered, as well as movement of material to resupply shops and offices. Only on September 2 was tour business involving groups from mainland China restarted, and several storm-affected casino hotel properties were still closed as of Tuesday.

“This has been a pretty tough event for the whole city – but it seems to be coming back to normality reasonably quickly,” noted MGM China’s Mr Bowie.

In April, Jim Murren, chairman of MGM Resorts International, parent of MGM China, told investment analysts MGM Cotai was likely to open “right around” or “right after Golden Week”.

That was a reference to a holiday period at the beginning of October marking China’s National Day. The parent company had spoken previously about MGM Cotai opening in the second half of 2017.

Mr Bowie was asked by GGRAsia whether being able to receive required Macau government approvals on aspects of the construction work and the completed parts of the site was a deciding factor in being able to meet the parent firm’s desired launch date.

“That’s one of the things,” he said. “But by and large everybody is just trying to settle back down again.”

Typhoon Hato struck Macau with wind speeds of more than 200 kilometres per hour (124 mph) according to the city’s weather bureau. The arrival of the tropical cyclone caused 10 human fatalities and injured approximately 240 people.

Even before the storm struck, an investment brokerage said in a note that another new Cotai project – the HKD36-billion Grand Lisboa Palace, promoted by SJM Holdings Ltd – was unlikely to meet its second-half 2018 deadline for opening.

The commentary from Sanford C. Bernstein Ltd came after work on Grand Lisboa Palace was suspended by the Macau government for 44 days this summer following the death of a construction worker in mid-June.

Another Cotai casino hotel project, Morpheus – a US$1-billion fifth hotel tower being built at casino resort City of Dreams Macau, a property promoted by Melco Resorts and Entertainment Ltd – had a 13-day work suspension following the death of a worker on July 14.

But Melco Resorts’ chairman Lawrence Ho Yau Lung said in a July 27 call with analysts that the timetable for opening Morpheus had been unaffected by the stoppage. He added the group hoped to open the new hotel in the “first quarter or second quarter next year”.

Melco Resorts had said in an August 25 press release it had temporarily reassigned all 2,000 workers on the Morpheus project to aid the Macau government-led recovery efforts across the territory.


  • tweet
Related articles
  • Melco focus debt cutting, caution on spending: analysts
    Melco focus debt cutting, caution on...

    Nov 21, 2023  

  • SJM ups 2023 cash cap for STDM hotels hosting its clients
    SJM ups 2023 cash cap for STDM hotels...

    Nov 20, 2023  

More news
  • Bruno Mars to perform at MGM Cotai in Jan: MGM China
    Bruno Mars to perform at MGM Cotai in...

    Nov 28, 2023  

  • Nomura caution on China economy, China tourism in Asia
    Nomura caution on China economy, China...

    Nov 28, 2023  


Latest News

Bruno Mars to perform at MGM Cotai in Jan: MGM China

Bruno Mars to perform at MGM Cotai in Jan: MGM China

Nov 28, 2023  

American singer-songwriter Bruno Mars is to make a one-night-only concert appearance on the roof terrace of the MGM Cotai casino resort on January 6, said the venue promoter MGM China Holdings Ltd in...
Read More
Nomura caution on China economy, China tourism in Asia

Nomura caution on China economy, China tourism in Asia

Nov 28, 2023  

China ents provider iQiyi in deal for Galaxy Arena events

China ents provider iQiyi in deal for Galaxy Arena events

Nov 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”There’s been a 20 percent or 30 percent increase in our testing staff to handle globally the amount of extra work that we’ve got, and the Philippines and Macau have definitely contributed to that overall growth”

Ian Hughes

Chief commercial officer of testing and certification firm GLI



Most Popular

  • Ex-exec of Saipan casino-tied firm jailed by Beijing courtEx-exec of Saipan casino-tied firm jailed by Beijing court November 27, 2023
  • Malaysia to allow visa-free entry to Chinese citizensMalaysia to allow visa-free entry to Chinese citizens November 27, 2023
  • Kazuo Okada properly removed from IR op: Philippine courtKazuo Okada properly removed from IR op: Philippine court November 28, 2023
  • Nearly 10k money touts detected Jan-Sept says Macau govtNearly 10k money touts detected Jan-Sept says Macau govt November 27, 2023
  • Bruno Mars to perform at MGM Cotai in Jan: MGM ChinaBruno Mars to perform at MGM Cotai in Jan: MGM China November 28, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us