MGM's Cotai Resort Has The Potential To Generate More Than $1 Billion In Annual EBITDA

Like other casino operators, MGM Resorts is going through tough time in Macau amid a slowdown in gaming, triggered by a combination of Beijing's anti-graft measures, visa restrictions, a smoking ban and slower growth in China. Most of the casino operators are focused on developing new properties in the region to drive future growth. MGM is developing its new resort in Cotai, which we believe will provide a significant boost to its top line as well as bottom line in the coming years. In fact, it ...