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MGM Cotai Postponed

Throw MGM Mirage Grand Paradise's Cotai property onto the Macau casino development scrap heap.

The Macau Daily Times has the story, which is short on specific details.

No word yet on the future of Macau Studio City, but from reports on the ground in Cotai, the construction site is a ghost town.

That leaves Wynn Cotai as the last future Cotai resort that hasn't been officially hosed.

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Comments & Discussion:

Wynn Cotai, isn't toast. But I sure don't look for it to break ground anytime soon. I don't think Wynn will be breaking ground on anything, in the forseeable future.

My understanding is they never released plans simply because they never wanted to get in this exact situation.

Does anyone know if the Sheraton and St Regis are the LVS projects on Hold? I "was" going to the Sheraton opening in Sept 09.....

I am also delaying (partially developed) projects in Macau for 1-2 years because of the down turn. I Hope i didnt make a mistake in Macau! (Just a little nervous)

Chuck what dates are you going to Macau and have recent developments/rumours changed your travel plans?

Keep up the good work.

To my knowledge, these projects are suspended. Macau Studio City is under construction now and MGM Cotai project has handed in its application, awaiting for government approval.

Tristam> You gotta be kiddin'. There ain't shit going on at Studio City (or at least based on what I saw in late Sept.). Even if there is work now at the site, based on what I saw the rebar is so rusted out they would likely have to dig part of the foundation up to replace it all.

To Dramman: Ya, the news says so, it has just started~

To Dramman: FYI (Sorry, there's no Eng version i think)
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