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First Posted: 1/9/2013 (AP) The Chinese arm of U.S. casino company MGM Resorts International has won official approval for its new casino-resort in the world's most lucrative gambling market, Macau.
Notice of MGM China's plan to build a $2.5 billion resort in the Cotai district was published Wednesday in Macau's official government gazette.
The announcement means the Las Vegas-based company has cleared another hurdle as it races to build a second casino to compete with rivals in the Asian gambling hub. The company said in November that it had received a long-awaited land concession for the project.
MGM China plans a five-star, 1,600-room hotel with 500 gambling tables and 2,500 slot machines. The company is a joint venture between MGM Resorts and Pansy Ho, daughter of Macau casino kingpin Stanley Ho.
<a title=Associated Press href=http://www.ap.org class=url org fn>Associated Press</a>

MGM China gets official OK for 2nd Macau casino