MGM Resorts Delays Opening New Cotai Resort Again

MGM Resorts (NYSE: MGM) has announced it’s once again delaying the opening of its new MGM Cotai casino, pushing the resort’s debut back to the second half of 2017 from its previously scheduled second quarter. Macau is the only place in China where it’s legal to gamble, and the Cotai Strip has become the focal point of new casino development that seeks to move the tiny territory away from its traditional reliance upon VIP gamblers and towards appealing to a mass-market audience. …read more

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