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Two Years Behind Schedule, MGM Finally Arrives In Cotai Amid Macau Boom by Muhammad Cohen

It's not often that you can be two years behind schedule and have good timing. Five years after breaking ground, and 10 years after opening its first property on the Macau peninsula, MGM has its foothold in Cotai, the outer islands landfill that's become Macau's center of gaming gravity. The $3.4 billion MGM Cotai opened Tuesday, just ahead of Chinese New Year and in the midst of very good times for Macau gaming. Revenue rose 19% last year and a whopping 36% in January from a year earlier.

However, MGM still has hard yards ahead in Cotai and the clock is ticking on its gaming concession, due to expire in 25 months.

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