MGM China 2282

Re: MGM China 2282

Postby winston » Fri Oct 06, 2017 3:38 pm

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<Research Report>G Sachs: Not Surprised by MGM CHINA's Delay in New Project Opening; Target Slightly Cut to $19.6

Goldman Sachs, in its report, said that it is not surprised for the delayed opening of MGM CHINA (02282.HK)'s Cotai to end January 2018.

It is expected that the delay will increase the capex by approximately $1 billion to $27 billion.

The target price was slightly trimmed to $19.6 from $19.8 and the investment rating was maintained at Buy in terms of SOTP calculation.

Source: AAStocks Financial News
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Re: MGM China 2282

Postby winston » Fri Dec 22, 2017 3:01 pm

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MGM CHINA 3Q Adjusted EBITDA Falls 17.9% to $1.049B

Nov 8, 2017

MGM CHINA (02282.HK)'s controlling shareholder, MGM Resorts International, revealed that for the third quarter ended September, the adjusted EBITDA declined 17.9% to $1.049 billion.

Source: AAStocks Financial News
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Re: MGM China 2282

Postby winston » Fri Jan 05, 2018 3:47 pm

MGM Cotai to open with mass tables, VIP play later: CEO

Source: GGR Asia

http://www.ggrasia.com/mgm-cotai-to-ope ... later-ceo/
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Re: MGM China 2282

Postby winston » Thu Jan 25, 2018 1:02 pm

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MGM CHINA (02282.HK) MGM COTAI Opening Date Extended to within Feb

MGM CHINA (02282.HK) announced that MGM COTAI was expected to open to the public on January 29, 2018.

The Company is undergoing the administrative approval process of obtaining relevant licenses to operate MGM COTAI.

As a result, it is now expected that the public opening date of MGM COTAI will be within the month of February 2018.

Source: AAStocks Financial News
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Re: MGM China 2282

Postby winston » Thu Jan 25, 2018 5:45 pm

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INSIDE INFORMATION
OPENING OF MGM COTAI


As previously disclosed in the Announcement, MGM COTAI was expected to open to the public
on January 29, 2018.

The Company is undergoing the administrative approval process of obtaining relevant licenses to operate MGM COTAI.

As a result, it is now expected that the public opening date of MGM COTAI will be within the month of February 2018.

The Company has reassessed its project costs and the overall budget of the project is expected to remain unchanged at approximately HKD27 billion, excluding land and capitalized interest.

http://www.hkexnews.hk/listedco/listcon ... 125175.pdf
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Re: MGM China 2282

Postby winston » Thu Feb 15, 2018 9:49 pm

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MGM China CEO sees appeal of Cotai resort offsetting delayed opening

Grant Bowie says the new resort complements MGM’s existing Macau property, allowing the company to cater to the full range of travellers

Source: SCMP

http://www.scmp.com/business/companies/ ... ed-opening
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