MGM Resorts International

MGM opens Macau casino resort as license renewal looms

MGM Resorts is launching a lavish multibillion-dollar casino resort in Macau in the latest big bet by foreign gaming companies on the southern Chinese gambling haven.

Las Vegas, Nevada-based MGM Resorts International was opening its $3.4 billion resort's doors, watched over by a colossal statue of MGM's signature gold lion, on Tuesday evening. It's a high-stakes wager on the casino market's future in the former Portuguese colony, where gambling licenses expire in as little as two years.

CEO James Murren said the company was taking a "leap of faith" that the government will extend its license even though officials have revealed little about the process.

The...

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