2013 Gaming in Macau, China – MGM receives government approval for new casino

Analyst Commentary, Miller Chu: MGM China Holding Ltd (HKSE: 2282) announced that the company has received formal approval from the Macau government to build its second casino in the Cotai area of Macau. The new five-star hotel casino project, with a budget of US$2.5 billion, has a construction timeline of 3 years.