MGM China Hong Kong IPO Likely in 1st Quarter 2011

Written by:
Aaron Goldstein
Published on:
Nov/30/2010
MGM China Hong Kong IPO

Pansy Ho, daughter of Macau casino tycoon Stanley Ho and a partner in MGM Resorts’ Macau, tells Reuters news service on Wednesday that the company is likely to go on the Hong Kong Exchange within the next four months.

“Our anticipation is around the first quarter (of 2011),” Ho told Reuters.

No word on an exact figure for the Initial Public Offering (IPO).   

MGM as a company has managed to narrow losses courtesy of its strong performance in the Chinese gambling haven.

The company posted operating income of US$61 million in the 3rd quarter for its Macau property, up from US$50 million the year prior.

- Aaron Goldstein, Gambling911.com Business Reporter

Business/Financial News

Does Your Pay Per Head Site have Live Wagering?

One of the hottest sports betting trends in recent years is live wagers during the actual games. Live betting keeps the action coming throughout the entire contest with betting lines constantly adjusting to the action on the field or on the court.

GME Halted Today Betting Odds Now Up

On Friday, the stock closed lower by 39% after the company reported fiscal first-quarter earnings ahead of its schedule and Roaring Kitty (Keith Gill) held a live stream.

Roaring Kitty Charged in 2024 Betting Odds

On Monday June 3, the GameStop price was surging once again after the meme-stock mania of 2021 posted what appeared to be a $116 million position in the video-game retailer on Sunday.

Syndicate