MGM China waives rent for retail tenants during two-week casino closure

Casio operator says the decision will help “alleviate their burdens” during the two-week Coronavirus shutdown.

Macau.- MGM China will waive basic rent for the two-week period from February 5 to 19 for all retail tenants inside the MGM Macau and MGM Cotai properties, the operator announced in a statement to the press.

“At this difficult time, our thoughts are also with our retail tenants, especially the local SMEs. We hope that this rent relief can help alleviate their burdens, so that they can ride out the current hardship for a swift recovery,” Chief Executive Officer and Executive Director, Grant Bowie, said.

Last week, MGM China also announced a MOP20 million (€2.2 million) donation to help China’s Hubei Province fight against the coronavirus epidemic.