MGM opens Macau casino resort as licence renewal looms

MGM Resorts is opening a lavish multibillion-dollar casino resort in Macau, in the latest big bet by foreign gambling companies on the southern Chinese gambling haven.

The launch of the new $3.5bn MGM Cotai resort is a high-stakes wager on the casino market's future in the former Portuguese colony, where gambling licences expire in as little as two years.