$3 billion resort needs to attract traffic, and the best way to do so is to appeal to public market gamblers.

Casino will not open until the end of 2016 as MGM China Holdings oversees Kotai real estate development. These real estate officials want to move away from VIPs, which continue to be an issue in Macau. VIP gamblers have left Macau with a slump of around $14 billion on its behalf. Losses from gamblers were so great that Macau posted its lowest return in five years in just a month.

According to a report by Macau Business Daily, gaming revenue fell 33% year-on-year to 17.13 billion MOP this year from 25.56 billion MOP last year. MGM President Jim Murren said Macau resort owners are trying to adapt to the country’s business environment due to China’s economic downturn, and the number of visitors to China is declining, as well as President Xi Jinping’s anti-corruption efforts.

Junket operators have played a major role in helping attract VIP players, but are now having trouble finding players to visit Macau. According to Merren, the MGM co-tie will make the junket room smaller and the tables more productive.

Kotai’s new casino will be almost 1 million square feet bigger than the Macao casino owned by MGM. Shopping malls will be included in construction as well as restaurants inside shopping facilities. In line with more non-game activities, the building will also include nightclubs, concert venues and venues that can be used as ballrooms. 안전놀이터

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