Previously, the resort was to open during fourth quarter of 2017. Local media GGRAsia has reported that in a filing to the Hong Kong Stock Exchange, MGM China said that their previous opening date will not be met and the company has delayed the launch until January 29th of next year.
Several casinos in Macau had to close down because of Typhoon Hato in August this year, which became the strongest storm to affect the area in over 50 years, with ten individuals losing their lives, massive flooding and power outages taking place.
MGM Cotai was not spared during the storm,
with damage taking place and repairs needed. The damages will see inspections
by the government, and must be completed if the integrated resort is to be able
to obtain operating licenses.
MGM does believe the damages are covered by the property insurance but either
way, the repairs that are needed will change the overall cost of the project.
