The MGM casino reminds me a lot of the Sands. As it is, MGM is tucked away in the corner, pushed up against the water beside the One Central Mall and the lavish new Mandarin Oriental. Seriously, Steve Wynn snagged the prime real estate when he made out with land across the street from the Lisboa. I wonder if those numbers would be reversed if MGM was in front of the Wynn and not behind it. It's funny, because if you ask me, the MGM casino is much better than the Wynn's. Wynn dominates them 17% to 11% in that department, which is not an inconsequential difference. While MGM's mass gaming share is only a little bit behind their most natural rival, the Wynn (6.3% to 4.9%), their VIP roll share is very under-whelming. Ho ought to spend less time on family squabbles and more time managing her casino, because the latest numbers indicate under-performance. A lot of experts think Ho's fourth wife, the ex-dancer Angela Leong, will have a lot to say in the matter before it's all said and done. She's currently the leading candidate to succeed her father as head of SJM, but it's far from a done deal. The hotel project was a 50-50 venture between MGM Mirage and Pansy Ho, Stanley Ho's highly visible and most influential daughter. MGM opened its doors on December 18th, 2007, the second Western type casino to debut in Asia, after its next door neighbor the Wynn.
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