Cash For Cotai : MGM's Turn
Obviously seeing how easily Wynn Macau Limited turned 25% of their existing Macau operation into US$1.86B, MGM Grand Paradise is legally and financially getting their house in order in advance of hoisting their own Cash For Cotai fundraiser.
MGM Mirage CEO Jim Murren told Bloomberg that the company is currently "working on plans" (i.e. funding) to finish off Phase II of MGM Grand Macau and "begin inspecting sites for potential resorts."
** Cough **
Who knows, maybe MGM Grand Paradise has changed their mind on MGM Grand Cotai and is looking to pick up something half built for a song, lord knows they'd have their pick of the litter.