MGM China Holdings Ltd. is planning to expand its casino resort in Cotai, with a focus on enhancing its wellness services, Bloomberg reported.
According to the business news outlet, the gaming operator is considering the construction of a wellness-themed building, which will add hundreds of hotel rooms, spas, and health treatment services to the MGM Cotai resort.
An unnamed source who disclosed this information to Bloomberg revealed that MGM China aims to enrich its non-gaming offerings through this expansion project, targeting mass-market customers, particularly those in the premium mass segment.
The source mentioned that the group has consulted with various experts and designers about the expansion plan, noting that the project is “at an early stage and could still change.”
In the first quarter of 2024, MGM China saw a recovery in daily gaming revenue, reaching 136 percent of pre-COVID levels. The group’s net revenue for the first three months amounted to HKD 8.3 billion (US$1.06 billion), representing a year-on-year increase of over 70 percent and a recovery to 143 percent of the corresponding 2019 figure.
