A regular excitement for the residents of Las Vegas is to see a major building blown up. They are demolished in this spectacular way as anything older than twenty years is a serious antique.
MGM Macau seems to be heading that way. No explosions yet – but surely that must be the next stage.
Anil Daswani, global head of gaming for Citigroup said, "MGM Macau is a brilliant property."
However, "I don’t think it’s clicked with mainland Chinese players. I don’t think they have the right product for the local player."
Note that the US$1.25 billion MGM Grand Macau was only completed at the end of 2007. In December MGM Grand Macau ranked last in market share in terms of revenue at 9% behind Galaxy at 11%.
Online Wall Street Journal did not report any plans to knock MGM Macau to the ground and start again although stranger things have happened in Macau. It is only just four years old and already they are talking of a major make-over.