In Macau, the boss for MGM Resorts International has reportedly announced that his firm’s MGM Cotai integrated casino resort has just opened a block of high-end Mansion-branded villas in an attempt to further differentiate itself from the competition.
According to a Friday report from GGRAsia citing an earlier story from the Bloomberg news service, James Murren (pictured), Chief Executive Officer for the Las Vegas-based operator, made the revelation while on a recent visit to Japan where his firm is hoping to secure one of the nation’s three up-for-grabs casino licenses.
‘Luxury accommodation’ assertion:
Murren reportedly described the new villas as ‘the final word in luxury accommodation’ and that their opening followed MGM Cotai’s premiere in February of a Mansion-branded luxury gaming area. He purportedly moreover detailed that the feature had taken his firm’s total investment in the Cotai Strip property to approximately $3.5 billion although it may be prepared to stump up even more cash in the future.
Murren reportedly told Bloomberg…
“The profits are starting to ramp up there as we are developing more of our VIP business. We are long-term believers in the Macau market and we would love over time to invest more.”
MGM Cotai is operated by MGM Resorts International’s local MGM China Holdings Limited subsidiary and this latter firm’s Chief Executive Officer, Grant Bowie, reportedly told GGRAsia that the 1,400-room property could soon debut even more Mansion-branded villas.
Bowie reportedly told GGRAsia…
“We are going to progressively open them over the next few months, given the service standards we want to get ourselves to.”