MGM Macau definition
Examples of MGM Macau in a sentence
The Company must ensure that the Group continues to own and operate the MGM Macau and the MGM Cotai, as integrated casino resorts.
It owns and operates MGM Macau and MGM Cotai through MGM Grand Paradise.
The authority or ability of the Company or the Group to conduct its business is wholly or substantially curtailed by any seizure, expropriation, nationalisation, intervention, restriction or other action by or on behalf of any governmental, regulatory or other authority or other person, including in respect of the land at the MGM Macau or the land at the MGM Cotai.
The Company must ensure that the Restricted Group continues to own and operate the MGM Macau and, after its construction, the MGM Cotai, as integrated casino resorts.
The MGM Macau opened in December 2007 and is located on the Macao Peninsula adjacent to the Wynn hotel in Macao.
The proposed annual caps for the of the development fees have been determined based on the development fees paid for MGM Macau and the Group’s expected future developments, which are at a very preliminary stage.
The Company must ensure that the Restricted Group continues to own and operate the MGM Macau and, after its construction, the MGM Cotai, as integrated casino resorts, provided that there shall be no breach of this Clause solely by reason of the occurrence of a Sub-Concession Expiry before 31 March 2022.
The Second Renewed Branding Agreement enables MGM Macau, MGM Cotai and any future resort and casino projects or sites we may develop in the Restricted Zone to use the MGM brand, and grants a license to the Company to use the Subject Marks, which is critical to the success of the business of the Group, given that the Subject Marks are integral to the Group’s corporate identity.
Both parties have provided support in developing MGM Macau and will continue to provide similar development services in future.
The fee is based on the possibility of an increase in the requirement for development services for the potential Cotai project, the expected increase in the aggregate costs and expenses for the development services our Group has to pay for anticipated routine and potential enhancements to MGM Macau and the assumption that there will be no significant increase in the aggregate costs and expenses.