MGM China’s Chief Executive Officer Grand Bowie says the firm is “unlikely” to invest in the Philippines “at this time” and prefers to stay focused on the construction of its Cotai project. The company’s Cotai project broke ground just last month. The property will cost US$2.6 billion (MOP20.8 billion) to build. It will include 1,600 hotel rooms, as many as 500 gaming tables and 2,500 slot machines. Referring to the Philippines reportedly wanting to take over as the world’s gaming capital by 2017, Mr Bowie said that more competition is actually good for Macau, but it was more important for the city’s operators to focus on quality service, easier access and catering to the needs of consumers, the Macau Post Daily reports. He made these comments to reporters on the sidelines of a media dinner yesterday.
—
