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.
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.
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.
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.
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.
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.