--FILE--Vue du MGM Grand Macao Macao, Chine, 23 décembre 2007. Les Chinois nous bras casino company MGM Resorts International a signé une transaction foncière
--FILE--View of MGM Grand Macau in Macao, China, 23 December 2007. The Chinese arm of US casino company MGM Resorts International signed a land deal for a new US$2.5 billion casino resort in Macau, the worlds biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators. MGM China Holdings Ltd said it formally accepted a long-awaited land concession contract from the Macau government for a 7.2-hectare plot in the Cotai district, an area of reclaimed land that is earmarked for all new casinos in the Asian gambling haven. MGM China said it is paying US$161.4 million for the land, including a US$56.2 million down payment. The balance of the money will be split into eight equal installments. The company plans to build a casino resort with a truly unique MGM experience that will include a five-star 1, 600-room hotel, 500 gambling tables and 2, 500 slot machines, according to a MGM China statement to the Hong Kong stock exchange.
