MGM Macau and MGM China's resort MGM Kotai are getting new MICE and art space. MGM China is owned by U.S.-based global giant MGM Resorts International.
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Fancy Ho, co-chairman and managing director of MGM China, confirmed the claim that it was part of a decade-long concession.
The latest amenities will span 60.000 square meters in Macau and 100.000 square feet in Kotai. The space will include all the needs of the MICE venue with modern state-of-the-art design. The idea is to build smaller, personalized places that are personalized according to the needs of real estate. The venues will host top performances, fashion shows, and similar events.
The new MGM Macau venue is expected to open at the end of the third quarter of next year, just before the 25th anniversary of the region's return to its home country.
As far as kotai real estate is concerned, the project is still not approved by the government. "This new building is not under our control. This is a new topic, so we have to apply to the government."
The Kotai Hotel will be added to the outside of the hotel, and it is imagined to be a themed structure, with details still unknown.
Dedication to the arts:
This space will be dedicated to various kinds of art. "MGM has been working with artists to organize art exhibitions in public spaces in real estate," Ho said. Officials will also try to encourage residents and tourists to explore Macau from different and more artistic angles. The company claims it wants the hotel to be a tourist destination that is not necessarily connected to casinos and gambling businesses.
Under the new concession, MGM China will be obliged to invest $15 billion in various non-game elements, including art and cultural amenities for visitors to the building.
The executive said, "There are still underutilized spaces in the two existing properties… To this end, the company will apply to the government for development, and art and cultural factors will be considered for this purpose."
MGM Cotai will once again work with renowned Portuguese artist Joana Vasconcelos to bring to Macau a new high-end art installation that the artist created with Dior Valkyrie Miss Dior.