As a measure to relieve the economic stress during the Wuhan Coronavirus closure for its retail tenants inside the MGM Macau and MGM Cotai properties, MGM China has announced that it will waive basic rent for the period from February 5 to 19.
“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,” said Chief Executive Officer and Executive Director Grant Bowie.
Last week, MGM China also announced a MOP 20 million (about US$2.6 million) donation to help China’s Hubei Province fight against the coronavirus epidemic.
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