.<\/em><\/strong><\/p>\nThe new casino\u2019s expansion plans could be hampered by China\u2019s ongoing table cap policy, a protocol which wasn\u2019t in place for competing casinos when they opened their doors on the Cotai strip earlier in the decade.<\/p>\n
Housing Employees<\/h2>\n
With Macau\u2019s casino industry booming, the cost of living continues to grow. The MGM China currently employs about 6,000 people, a figure that is likely to double with the opening of their new casino. Demand for rental leases will increase to accommodate all the new staff, 75 percent of whom are expected to be expatriates from places like Las Vegas and Hong Kong.<\/p>\n
\u201cIn the short term, probably the rent will rise by about five percent next year, because of the new hotel opening,\u201d Thomas Lam of global real estate consultancy firm Knight Frank in Hong Kong told the\u00a0South China Morning Post.<\/em><\/p>\nLam points out that 1,500 new leasing units expected to open in the area in 2019 could offset that pricing pressure down the line.<\/p>\n","protected":false},"excerpt":{"rendered":"
MGM China, the Asian arm of the mega-conglomerate that dominates the global gaming industry, saw a strong Q4 wrap-up to 2017, and the year ahead looks even better, with the opening of the new MGM Cotai just in time for the recent Chinese New Year festivities. GGR for MGM China surged to HKD$4.28 billion (US$547.4 […]<\/p>\n","protected":false},"author":42,"featured_media":71173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
MGM China Q4 GGR Up Year-on-Year, 2018 Promises High Returns<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n