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MGM China sees Macao casino VIP business pick up
MGM China Holdings Ltd, the Macao casino venture between a daughter of gambling mogul Stanley Ho and MGM Resorts International, said business from VIP gamblers has picked up after the Lunar New Year holiday. Business from VIP, or high-stakes gamblers, has seen a "strong comeback" after the holiday that ended on Feb 17, Bill Hornbuckle, chief marketing officer of MGM Resorts, told reporters in Macao on Wednesday. High-rollers from the Chinese mainland curbed spending amid a slowdown in the world's second-largest economy last year.
Regional targets cut in sign debt concerns heeded