Jim Murren told Reuters he expects the Macau government will soon approve MGM's plan to spend $2.5 billion to build a new casino in the Cotai district of Macau, a former Portuguese colony and the only place in China where casino gambling is legal.
"I would expect we will be in the ground starting this year and keeping to our timetable to open this resort in late 2015," he said in an interview on Tuesday following the release of MGM Resorts' quarterly results.
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