Pansy Ho News
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MGM China Holdings Ltd., a Macau casino venture between MGM Resorts International and casino mogul Stanley Ho’s daughter Pansy Ho, posted a 9.7 percent rise in first-quarter profit as mainland visitors spent more.
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MGM Resorts International , the casino company founded by billionaire Kirk Kerkorian , will gain control of its Macau joint venture by acquiring shares from partner Pansy Ho .
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MGM Resorts International, the Las Vegas-based casino operator that agreed to leave New Jersey in 2010, formally petitioned the state’s regulators to re-establish its casino license there.
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Pansy Ho , the daughter of Macau casino billionaire Stanley Ho , raised the maximum $1.5 billion sought by selling shares in MGM China Holdings Ltd. as gambling revenue surges in the former Portuguese enclave.
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MGM Grand Paradise SA , the Macau venture between Pansy Ho and MGM Resorts International , said it agreed to a $950 million loan to refinance existing debt and provide added liquidity.
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MGM China Holdings Ltd. , the Macau venture between Pansy Ho and the biggest casino operator on the Las Vegas Strip, rose on its first day of trading in Hong Kong after raising $1.5 billion in an initial public offering.
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New Jersey regulators are rethinking a 2010 settlement that requires MGM Resorts International to sell its half-interest in Atlantic City’s top-grossing Borgata Hotel Casino & Spa.
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MGM China Holdings Ltd., the Macau casino venture between a daughter of gambling mogul Stanley Ho and MGM Resorts International, said business from VIP gamblers has picked up after the Lunar New Year holiday.
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Pansy Ho , a daughter of billionaire Stanley Ho , is seeking as much as HK$11.7 billion ($1.5 billion) from an initial public offering of casino operator MGM China Holdings Ltd., according to a term sheet for the sale.
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MGM China Holdings Ltd., the Macau venture between Pansy Ho and the biggest casino operator on the Las Vegas Strip, rose to the highest in more than five months in Hong Kong trading after 2011 profit more than doubled.
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