MGM Macau (; formerly known as MGM Grand Macau) is a 35-story, 600-room

casino A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live enterta ...

resort A resort (North American English) is a self-contained commercial establishment that tries to provide most of a vacationer's wants, such as food, drink, swimming, lodging, sports, entertainment, and shopping, on the premises. The term ''resort ...

in Sé,

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...

. Under a sub concession approved by the Macau government, the project is owned and operated as a 50–50 joint venture between

MGM Resorts International MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and ...

and

Pansy Ho Pansy Catalina Ho Chiu-king (; born 26 August 1962) is a Hong Kong-Canadian billionaire businesswoman who is the daughter of Macau-based businessman Stanley Ho, and the managing director of various companies he founded, including Shun Tak Holdi ...

, daughter of Macau casino magnate

Stanley Ho Stanley Ho Hung-sun (; 25 November 192126 May 2020) was a Hong Kong- Macau billionaire businessman. His original patrilineal surname was Bosman, which was later sinicized to 何 (Ho). He was the founder and chairman of SJM Holdings, which ow ...

. The sub-concession is one of several examples of new casino construction following the end of the

government-granted monopoly economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good ...

held for decades by Stanley Ho.

History

The MGM Grand Macau was opened on 18 December 2007 at a cost of US$1.25 billion. The property was renamed to MGM Macau, as part of MGM Mirage's 2010 rebranding to MGM Resorts International. On 18 April 2011, an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

was announced. Under the agreement, Pansy Ho would receive a 29 percent stake in the company, MGM China Holdings Ltd, which was created as a listing vehicle for the IPO. MGM Resorts would hold 51 percent and the public would receive 20 percent. The company raised US$1.5 billion from its IPO on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is rep ...

at the top price of the range.

Layout

Phase One of the casino floor accounts for square metres over two levels and wrapping around the Grande Praça; with

table games Table game may refer to: * Table game (casino), games of chance that are played against the casino and operated by one or more live dealers * Tables game, a class of board game that includes backgammon * Tabletop game, games that are normally play ...

and

slot machine A slot machine (American English), fruit machine (British English) or poker machine (Australian English and New Zealand English) is a gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively a ...

s. The property includes a convention space of , including The Grand Ballroom of 807 square metre for business meetings, social events and weddings; and partner with Six Senses Spa to have a space of 2,720 square metre that includes 12 treatment areas. MGM Macau also features a number of restaurant outlets, bars, and lounges. There are 12 food and beverage outlets in total. Soon after Wynn Macau expansion plans became public, the MGM Macau announced its own plans for expansion, only weeks after the project was publicly launched. The expansion will add to the casino floor's 2nd level. The additional space allows 70 more game tables and 240 slot machines added.

Gallery

File:MGM Grand Macau Main Enterance.jpg, MGM Grand Macau Main Entrance File:MGM Grand Macau Hotel Lobby Interior.jpg, MGM Grand Macau Hotel Lobby Interior File:MGM Grand Macau Sky Roof Plaza.jpg, MGM Grand Macau Sky Roof Plaza File:MGM Grand Macau Access to Casino.jpg, MGM Grand Macau Access to Casino File:MGM Grand Macau Access.jpg, MGM Grand Macau Access File:MGM Grand Macau Champagine Bar.jpg, MGM Grand Macau Champagne Bar File:MGM Grand, Macao, 2013-08-08, DD 19.jpg, MGM Grand exterior

References

External links

* {{authority control Casinos in Macau Resorts in Macau Macau Peninsula Casinos completed in 2007 Hotel buildings completed in 2007 Skyscrapers in Macau Hotels in Macau MGM Resorts International 2007 establishments in Macau Skyscraper hotels in Macau

History

Layout

Gallery

See also

References

External links