In Macau, the recently-opened MGM Cotai venue is reportedly going to allow a pair of external junket operators to set up in-house VIP services from next month before bringing in a further trio of such partners over the next seven months.
Five firms coming:
According to a report from GGRAsia, the revelation came from Grant Bowie, Chief Executive Officer for the owner of the $3.4 billion venue, MGM China Holdings Limited, although he did not detail the number of gaming tables each associate will be allocated.
Bowie to GGRAsia…
“In total we have facilities for five operators. We’re looking for two in September and probably another two in October and a fifth will open early next year.”
More gaming tables imminent:
Hong Kong-listed MGM China Holdings Limited is majority-owned by Las Vegas-headquartered gaming giant MGM Resorts International and it inaugurated its MGM Cotai venue in February following 60 months of construction…
The local Gaming Inspection and Coordination Bureau regulator had earlier given the property permission to open offering 100 new-to-market gaming tables with a further 25 set to come into use from the first day of 2019.
The Cotai Strip property was also authorized to make use of up to 77 gaming tables relocated from its sister MGM Macau downtown property while GGRAsia reported that the coming junket operators are expected to encompass Meg-Star International, Guangdong Group, Suncity Group, David Group and Tak Chun Group.
Latter stages of construction:
The media outlet also reported that Bowie furthermore revealed that his firm is currently ‘finishing off the construction’ of rooms for the junket operators to use while moreover going through ‘the licensing process with the government.’
Bowie to GGRAsia…
“We’re very happy that the construction is nearly completed and the licensing process is being finalized.”
The President’s Club:
It was added that the opening of VIP junket-operated rooms inside MGM Cotai is expected to be followed by the premiere of a new facility its parent has already christened as The President’s Club. Purportedly described by MGM China Holdings Limited as ‘an ultimate exclusive gaming area’ for premium-mass players, the program is to see users place high-multiple cash wagers rather than rely on more traditional credit facilities.