The Macau Metro Monitor, January 9, 2013
MACAU GIVES MGM CHINA GREEN LIGHT ON COTAI CASINO WSJ
MGM China has received official approval from the Macau government for its Cotai project. MGM Cotai will include a five-star hotel, gambling space and open areas on a 17.8 acre site. MGM China reiterated in a statement that the resort, with a budget of $2.5 billion, will include approximately 1,600 hotel rooms, 500 gambling tables and 2,500 slot machines as well as restaurant, retail and entertainment offerings. Construction, for which the company still needs government approval, is expected to take up to three years.