Macau Gaming Inspection and Coordination Bureau is giving MGM Cotai 125 gaming tables. The tables are arriving earlier before the property opens in February. The new tables are coming into the resort in parts. The second allotment is arriving at the facility upon opening. During the opening date, the resort will receive 100 of such tables. Above all, this will make the number of new to the market table to 225. But this is not the end of such games arriving in the facility. More will be available for the hotel in January 2019.
Why Is MGM Cotai Expanding Their Table Games?
Lionel Leong, the Secretary to the Economy, makes this announcement. He says that the company has the responsibility to deliver up to 900 slot machines. This gaming equipment must be available before the facility opens its doors next month. He also mentions the possibility of the resort getting tables from sister facility. The Economy Secretary says that MGM Cotai may get up to 77 tables from MGM Macau. Later, he mentions that even as much as 100 tables will arrive. MGM Macau, which opens on December 18, 2017, has a surplus. Regarding the VIP as well as Junket rooms, no specific number is out. Also, this means that the rooms will have an unspecified amount. Although, later, the precise number of tables will be out.
The DICJ Decides The Amount Of Tables
Macau is operating with the market cap of new tables. Above all, this is happening since 2013. DICJ decides the number of tables it allocates to a facility. Usually, DICJ depends on top 3 percent per year allotment. It is DICJ, which determines the exact number.
It is hard to tell how new tables will allow a facility receives. Some analysts are expecting MGM Cotai to get a larger allotment of the new tables. For instance, Studio City and Galaxy Macau Phase II receive a big number of tables. Also, this happens when the facilities opened in 2015. They receive 250 tables each. But this is not what happens to Wynn Palace and Parisian Macau. They both receive 150 each when they open in 2016.
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Here is a quick look at MGM Cotai
· Name of the facility: MGM Cotai.
· Opening date: February 13, 2018.
· The number of Table Games: 500.
· Gaming Machines: 2, 500.
· Opening hours: 24/7.
· Parking: there are valet and self.
· Convention space: 300, 000 square feet.
· Casino space: 500, 000 square feet.
· Amenities: Cotai Hotels.
Another report says that there are chances of getting a lesser number of tables. The Morgan Stanley report says, “We believe the consensus is expecting 150 tables. Also, this will happen over the next two years. You may be disappointed to get total of 125 tables.”
The banking group goes on to say the reason. But before it gives the right, it means that facilities must remember one thing. It is DICJ that decides. If it chooses to allocate 200 tables, that is it. If it decides 500, nobody has the powers to question.
“One of the key reasons may be the license expiry for SJM/MGM in March 2020. We believe once the license extension is sorted, something can happen. It is possible to see MGM China receiving more tables for this project,” the banking group adds.