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MGM weighs Macau resort expansion in bid to go beyond casinos

06/20/2024| 12:35:45 PM|

The company, with only around 2,000 rooms in Macau, currently has the smallest hotel portfolio among the city’s six casino operators.

MGM China Holdings Ltd. is considering expanding one of its casino resorts in Macau, adding hotel rooms and a range of wellness services as it seeks to attract customers beyond traditional high rollers, according to people familiar with the matter.

The addition may include hundreds of more hotel rooms and spas and health treatment services, the people said, adding that plans were at an early stage and could still change. The company, with only around 2,000 rooms in Macau, currently has the smallest hotel portfolio among the city’s six casino operators.

MGM’s market share of gaming revenue jumped to 17% in the first quarter from 10% in 2019, helped by a significant expansion of its gaming tables granted by the Macau authorities, an upgrade of resort facilities, and its early adoption of technologies designed to manage tables more efficiently and can identify potential big players.

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TAGS: MGM | Macau | casinos | resort expansion
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