MGM resorts is on a roll. It opened its second resort just before the Lunar year in Macau. The casino’s worth is $3.4 billion. And its surprising that MGM took such a bold move to open it in the Chinese-controlled territory of Macau. But with the Lunar New Year at the corner, they were hoping to ride a boom in business. And they are looking forward to exploit the prospects in the biggest gaming hub in the world Macau.

The new resort is the second biggest investment in Macau. It has an opulent 2,000-seat theater. And it shows off the artwork, which includes 28 carpets from the Qing dynasty. It also has a four-storey atrium garden space that features digital art. It increases MGM’s overall gaming table count in the hub by 29 percent to 552.

It is an appropriate time to open the casino now, given the surge in casino revenues. In January, there was a 36 percent year-on-year jump in Macau!

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From Friday the Chinese new year holiday had begun. It is a festival of huge celebration. And Grant Bowie, chief executive of MGM China, the company’s Macau unit, is grateful they opened the casino before the New Year. The time is conducive for the casino opening.

He said -“Based on the numbers we are seeing, the reservations we have got, it was very important for us to open before.”

MGM is located on the heel of China’s southern coast. And it is one of the six licensed casinos where players can gamble legally.

But MGM’s license expires in 2020 along with SJM Holdings. That is a sad news, but MGM has something planned. It is expected that the licenses will be renewed. Bowie himself mentioned how crucial license renewal was.