MGM Grand Macau to Officially Open on 18 December 2007
Written on November 13, 2007 by admin
Casino developer MGM Mirage Inc. said Monday it would open its debut property in the Chinese gambling destination of Macau on Dec. 18.
The $1.25 billion (EUR850 million) project is a joint venture with Pansy Ho, daughter of Hong Kong billionaire Stanley Ho, an gambling industry veteran.
“The opening of MGM Grand Macau is a banner day for Macau, its economy and its residents,” said Pansy Ho Chiu-king, Managing Director of MGM Grand Paradise. “The unparalleled international reputation of MGM Grand will further propel the new prosperity enjoyed by the city, attracting additional tourist visits for longer stays and creating many new jobs. We are excited to play an important part of the continued growth of Macau. This resort represents the first of many projects our partnership looks forward to creating to further Macau’s growth.”
The resort will feature 600 rooms, suites and villas, 375 table games, 900 slot machines and 16 high-end private gambling salons.
It also has a conservatory called Grand Praca that is three times the size a seasonal botanical garden at its Las Vegas property, Bellagio, and was designed with the traditional Portuguese architecture of the former colony in mind, said MGM Mirage spokesman Gordon Absher.
The 35-story MGM Grand Macau will be staffed by 6,000 employees.
MGM Mirage chief executive Terry Lanni said in a statement that the opening would mark “the beginning of a new era in Macau,” which has overtaken the Las Vegas Strip as the top gambling revenue generator in the world.
Ho’s father ran the casino monopoly in Macau for four decades until liberalization in 2002. She said the resort represents “the first of many” the partnership would develop in Macau.
The joint company, MGM Grand Paradise Ltd., is already in talks with the Macau government to develop a second site on an area of reclaimed land known as the Cotai Strip.
Source | International Herald Tribune
Technorati Tags: cotai, Cotai Strip, Entertainment, macau, Stanley Ho
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