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Macau casino MGM China gets land contract for new resort
2012年10月18日 / 上午9点55分 / 5 年前

Macau casino MGM China gets land contract for new resort

HONG KONG, Oct 18 (Reuters) - MGM China, the Macau casino unit of U.S. gambling giant MGM Resorts, said on Thursday it had formally accepted a land concession contract from the Macau government for land to build a new casino.

MGM China has been waiting to build a new property in the world’s largest gambling enclave. The company will pay the Macau government 450 million patacas ($56.4 million) as an initial payment for the lease.

Macau is the only place in China where Chinese nationals are legally allowed to gamble.

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