MGM Resorts International has again modified its language on the opening date for its majority-owned casino resort [pictured in a rendering] on Cotai in Macau.

“The construction of MGM Cotai is progressing well and is on time, and on budget, for a fall 2016 opening,” Jim Murren, chairman and chief executive of MGM Resorts, 51 percent owner of MGM China Holdings Ltd, said in a statement accompanying the parent’s third quarter earnings.

Map of Cotai https://www.google.com/maps/search/cotai+coast/@22.1547619,113.5722839,13z

MGM China had said in its first half results in August that the opening of the US$2.9 billion MGM Cotai would likely be “in 2016” rather than “early 2016” as stated previously.

Deutsche Bank AG analyst Karen Tang mentioned “permit backlog” as an issue for under-construction Cotai resorts in a note last month. That was reference about the pace at which the Macau government can issue necessary permissions for different stages of building work.

“For MGM Cotai we already have shifted the opening assumption in our model from early 2016 to late 2016,” Ms Tang said.

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