MGM Cotai all set for launch in mid-2016

Here's how it's going to be game changer.

According to Maybank Kim Eng, by mid-2016, MGM's single-casino image will be history with MGM Cotai onboard. Furthermore, at these levels the upside from MGM Cotai has not been fully priced by the Street. 

Here's more:

The project will house 1,600 hotel rooms (+275%), 500 gaming tables (117%) and 2,500 slot machines (183%). The casino will also have an atrium thrice the size of Bellagio. Piling work is about 70% complete and MGM hopes to hand over the site to the contractors by year-end.

MGM’s market share inched up 0.9ppt YoY to 10% in 1H13 despite stiff competition from Cotai, bucking the decline seen by other peninsula operators.

The opening of its new VIP gaming area on the second floor at the end of last year to meet rising junket demand led to a 10% increase in VIP rolling chip turnover YTD.

Management has also striven to maximise returns on its gross floor area and enhance its non-gaming facilities to capture appeal.