US gaming giant MGM Mirage said the Macau government has approved its joint venture with a daughter of Asian gaming tycoon Stanley Ho to open a major hotel-casino resort there.
Las Vegas-based MGM Mirage said in a statement that its 50:50 partnership with Pansy Ho Chiu-king will jointly develop and operate a resort which will cost 975 million US dollars.
The resort, to be called MGM Grand Macau, will be built on a prime waterfront site destined to become the former Portuguese colony's casino 'Strip'.
It will have 600 rooms, suites and villas, a casino including 300 table games and 1,000 slot machines, several restaurants and entertainment facilities, MGM said.
It will also have 50,000 square feet available for future expansion.
Construction will begin in the second quarter of 2005 and the resort is scheduled to open in 2007.
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Thursday, April 21, 2005
MGM Mirage venture to build 975 million dollar hotel-casino in Macau
US gaming giant MGM Mirage said the Macau government has approved its joint venture with a daughter of Asian gaming tycoon Stanley Ho to open a major hotel-casino resort there.
Las Vegas-based MGM Mirage said in a statement that its 50:50 partnership with Pansy Ho Chiu-king will jointly develop and operate a resort which will cost 975 million US dollars.
The resort, to be called MGM Grand Macau, will be built on a prime waterfront site destined to become the former Portuguese colony's casino 'Strip'.
It will have 600 rooms, suites and villas, a casino including 300 table games and 1,000 slot machines, several restaurants and entertainment facilities, MGM said.
It will also have 50,000 square feet available for future expansion.
Construction will begin in the second quarter of 2005 and the resort is scheduled to open in 2007.
more
