Saturday, October 24, 2020

Tag: Dan A’rrigo

MGM ups Asia stake as US market delivers

Casino Review, Macau, Pansy Ho
MGM Resorts has declared that it will increase its stake in its joint-venture Macau-based division.   The US operator currently owns 51 per cent of MGM China – with which it splits custody with Grand Paradise Macau. GPM is itself controlled by MGM China CEO Pansy Ho – the daughter of gambling tycoon Stanley Ho. But a new agreement will see MGM pay $325m...

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