The MGM Cotai is a 35-story, 1,390-room casino-resort that takes the focus off gambling and towards features like a $100 million theater that change into multiple configurations - from fashion show to concert to nightclub - as well as a $12.7 million collection of contemporary and traditional Asian art, nine high-end restaurants, and a world-class spa with “singing bowl” massages.
In February, MGM China opened its $3.4 billion bet on the new face of Macau - the one based around family-oriented tourism and appealing to China's middle class, which is projected to grow from 430 million to over 780 million in the next decade. That, along with the Chinese government's directives that Macau needs to broaden its scope away from gambling, has changed the strategy for casinos. Gaming revenue has come back as the crackdown has eased, but this time around its the crowds driving the revenue, not the VIPs. Account icon An icon in the shape of a person's head and shoulders.
