MGM Resorts International (MGM) | MGM Cotai Approval Finjitsu Research
Finjitsu Research - Associated Analysts
CHICAGO, IL - Jan. 10, 2013
Current Perspective on MGM Resorts International (MGM)
On January 9, 2012, MGM Resorts announced that the Cotai land concession accepted by MGM Macau on October 18, 2012 has been officially gazetted by the Macau government. We believe the gazette publication timing is ahead of expectations and overall is a positive for MGM as it enhances the company's growth profile in the fast-growing Macau market.
Previous Perspective on MGM Resorts International (MGM)
On October 18, 2012, MGM Resorts announced that MGM China Holdings Limited was granted a Land Concession Contract in the form of a lease granted by the Macau Government to develop a resort and casino in Cotai, Macau. MGM paid the Macau government $56 million as the initial payment of the contract premium.
For more information on this brief please visit: MGM Resorts International (MGM) | MGM Cotai Approval.
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