The financial turmoil surrounding MGM Mirage in the U.S. have created no problems for the company’s Macau casino, says Pansy Ho, the company’s partner in the gambling enclave.
“We’re keeping updated on the influence of the American counterpart’s financial difficulties to Macau; it should not be a big influence to us so far,” Ho said last month.
Since the company’s Macau developments is financed separately from the CityCenter project, which has been severely impacted by the world financial crisis, Ho says the 50-50 partnership has currently not been impacted.
“Despite MGM being our commercial partner, they’re dealing with the financial problem individually,” she said.
It could become an issue if MGM Mirage declares bankruptcy or otherwise alters its business model, says Ho.
“If they change their operational mode or the corporation objective, as a joint-venture partner, we then shall have to discuss it, as it would affect our daily operational mode,” she said.