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Union Gaming confident on MGM China after Cotai table allocation

Published 01/24/2018, 10:19 AM
© Reuters.  Union Gaming confident on MGM China after Cotai table allocation
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  • The MGM Cotai resort was allotted with 125 new tables by Macau casino authorities to fall below the 150 tables expected.
  • The property will open with 100 tables and then add 25 more on the one-year anniversary of the January 29 opening.
  • Union Gaming analyst Grant Govertsen thinks MGM Cotai will end up landing the 150 tables after its license expiration situation is cleared up.
  • Looking ahead, Govertsen remains positive on MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM). "We believe that excess table capacity harvested from MGM Macau on the peninsula, in addition to the new tables being allocated by the government, will be enough to achieve current revenue and cash flow forecasts for the company," he writes.
  • Now read: MGM: Best Bet Among Land-Based Casino Brands To Compete For Sports Betting Licenses


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