Few hours after MGM China Holdings Ltd. posted its Q4 and fiscal year revenue results for 2014, the company announced its plan to invest $100m this year to renovate its MGM Macau Hotel and casino.

MGM Chief Executive Grant Bowie said that the investment for the refurbishment of its hotel-casino is a way to remain competitive.

“Our future capital projects for MGM Macau include a redesigned main floor layout to improve traffic flow and operating efficiencies; as well we will be introducing a range of non-gaming products in the form of over 15 new retail outlets and re-conceptualized food and beverage offerings to add capacity and diversity,” Bowie added.

The company expects minimum impact to operations from the main floor revamp and finish the renovation by 3Q of this year.

The MGM Macau renovation plans started last year, which the company spent $45 million. The overall changes will include a total of 27 separate projects, which will be carried out over the period of three years.

MGM’s second Macau property, MGM Cotai, is due to open in in the second half of 2016 and was estimated at US$2.9 billion.

“Construction of the hotel towers have now reached the 16th floor and progress is moving quickly,” Bowie said.