MGM China announced on Friday it is no longer targeting a fourth quarter opening of MGM Cotai after assessing damage caused by Typhoon Hato which struck in August.

After evaluating the damage, MGM says it expects to open the new resort on January 29, 2018.

The company has also reassessed its project costs, and says it now expects the overall budget of the project to increase from HK$26bn to approximately HK$27bn (US$3.3bn), excluding land and capitalised interest.

Source: Asia Gaming Brief