MGM waives 15 days of rent for retail tenants

MGM China has announced it will waive 15 days of basic rent for the period of February 5 to 19 for all retail tenants inside the MGM Macau and MGM Cotai properties, as a sign of its support for local business using practical measures.
MGM’s retail tenants include leading local brands and small and medium enterprises (SMEs), thus waiving their rents is expected to help relieve their financial stress.
“At this difficult time, our thoughts are also with our retail tenants, especially the local SMEs. We hope that this rent relief can help alleviate their burdens, so that they can ride out the current hardship for a swift recovery.” said Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings.
The gaming company said it would continue to fight the epidemic by following the government’s direction in the spirit of solidarity and cooperation, and working together with the local community.