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MGM Resorts International (MGM) | MGM Cotai Approval Finjitsu Research


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2013-01-15 01:18:18 -

Finjitsu Research - Associated Analysts

CHICAGO, IL - Jan. 10, 2013



Current Perspective on MGM Resorts International (MGM)

On January 9, 2012, MGM Resorts announced that the Cotai land concession
accepted by MGM Macau on October 18, 2012 has been officially gazetted by the
Macau government. We believe the gazette publication timing is ahead of
expectations and overall is a positive for MGM as it enhances the company's
growth profile in the fast-growing Macau market.

Previous Perspective on MGM Resorts International (MGM)

On October 18, 2012, MGM Resorts announced that MGM China Holdings Limited was
granted a Land Concession Contract in the form of a lease granted by the Macau
Government to develop a resort and casino in Cotai, Macau. MGM paid the Macau
government $56 million as the initial payment of the contract premium.



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