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by Paulo A. Azevedo in Las Vegas “We can bring more”


MGM Resorts International will this month open its first mainland hotel but the company is keeping its eye on Macau, says MGM Resorts chairman and chief executive Jim Murren, who is also MGM China’s co-chairman. In an exclusive interview with Macau Business, Mr Murren reveals that MGM China wants more than just two casino-hotels in Macau and argues that his company is best positioned to deliver the kind of high-standard, non-gaming amenities wanted by the government


H


ow anxious are you about government approval regarding MGM China Holdings Ltd.’s land application for Cotai?


Jim Murren – We are highly interested in getting the land as soon as possible because we do recognise that our position in the market is not the one we are accustomed to. We are typically the market leader. Certainly we are dominant in Las Vegas and we have the premium properties in the other markets where we operate, such as in Detroit and on the Mississippi Gulf Coast.


MGM Macau is performing extremely well now,


after a very slow start. It had a tremendous number of challenges. We have been able to overcome most of them. It is capacity-constrained. Ultimately, in a few years from now it will have reached its physical potential, given a few very important expansions that we intend to do. Cotai represents to us a very, very important


opportunity to expand and to use our strengths in terms of portfolio brands, customer range, design and amenity diversity. We can bring a lot more to the market by having [a] Cotai [property]. We do not think Cotai will be the only future project for us in Macau. We have far broader aspirations in the long term than just a second property.


26 FEBRUARY 2012


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