![]() "It is worth saying again - new supply opening into weak markets has never resulted in better-than-expected EBITDA," said Curtis. MGM Resorts International is majority owner of MGM China, which plans to open MGM Cotai, a $2.5 billion resort, in the second quarter of 2017 (that resort will more than double MGM's presence in Macau). 13, giving the company a total of six properties in Macau overall (five being on Cotai). ![]() Rival Las Vegas Sands' Parisian Macao, a $2.7 billion, French-themed resort on Cotai, is scheduled to open Sept. "While we expect modest market growth (2-3 percent), it will not be sufficient to generate adequate returns on invested capital net of cannibalization." "The $64k question is if the opening attracts new play or recycles existing customers to the incremental capacity," Nomura analyst Harry Curtis said in a note last week. Meantime, several multibillion dollar resorts in Macau are set to open soon, raising the risk there could be an oversupply amid the current gaming slowdown. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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