MGM China Holdings Ltd, has engaged consultants and designers to expand its MGM Cotai resort, according to a Bloomberg report.
The company plans to add hotel rooms and introduce “wellness” services at the property, Bloomberg reported last week.
During a press briefing at the time, Pansy Ho Chiu King, the chairperson of MGM China, outlined a series of non-gaming investment commitments, many of which are targeted at the MGM Cotai resort.
One of the key pledges was the development of an “Urban Oasis,” described as a “one-stop service combining wellness and medical offerings including medical hydrotherapy, diet therapy, leisure and health management, medical tourism and health assessments.”
The casino operator also confirmed plans to add an extra hotel tower to the existing 1,390-room MGM Cotai, which opened February 2018.
The Macau government has mandated casino concessionaires increase their non-gaming offerings as part of the new concession terms that began January 2023.
Despite the government’s shift in policy focus towards non-gaming tourism, MGM China has been able to improve its market share in Macau’s gaming industry.
The company’s market share in terms of gross gaming revenue climbed to 17% in the first quarter of 2024, up from 15.2% a year earlier and 9.5% in 2019.
This growth has been attributed, in part, to the increased number of gaming tables allocated to MGM China under the new concession.VC
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