Casio operator says the decision will help “alleviate their burdens” during the two-week Coronavirus shutdown. <\/p>\n\n\n\n\n\n\n\n
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.<\/p>\n\n\n\n
\u201cAt 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,\u201d Chief Executive Officer and Executive Director, Grant Bowie, said.<\/p>\n\n\n\n
Last week, MGM China also announced a MOP20 million (\u20ac2.2 million) donation to help China\u2019s Hubei Province fight against the coronavirus epidemic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Casio operator says the decision will help “alleviate their burdens” during the two-week Coronavirus shutdown.<\/p>\n","protected":false},"author":2,"featured_media":3239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM China has announced a two-week rent waiver for all retail tenants within its MGM Macau and MGM Cotai properties, effective February 5-19, to mitigate the financial impact of the Coronavirus shutdown. This measure aims to alleviate burdens for local SMEs during the mandated closure period, alongside a MOP20 million donation to Hubei Province.","focusai_entities":"MGM China, MGM Macau, MGM Cotai, Grant Bowie","focusai_location":"Macau, China, Hubei Province","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Financial Impact Q1","query":"What is the projected GGR and NGR impact on MGM China's Q1 financial performance, considering both the rent waiver and the broader operational shutdown in Macau?"},{"label":"CSR Strategy Alignment","query":"How does this corporate social responsibility initiative, including the rent waiver and Hubei donation, strategically position MGM China within Macau's evolving governance frameworks and community relations?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,7299,257,1618],"class_list":["post-3337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casino","tag-coronavirus","tag-macau","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3337"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3337\/revisions"}],"predecessor-version":[{"id":3361,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3337\/revisions\/3361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3239"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}