MGM issues $1.4 billion Cotai contract


MGM China Holdings Ltd. contracted China State Construction Engineering (Hong Kong) Ltd. to be the main contractor for the company’s Cotai resort project in a 10.8 billion pataca ($1.4 billion) deal. MGM set a target of April 2016 for completion of the 391,750 square-meter construction. It said the laying of foundations should be completed by the end of the year, allowing China State to start work next January.