MGM China Hong Kong IPO Likely in 1st Quarter 2011

Written by :

Aaron Goldstein

Published on :

30 November, 2010

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 3^rd quarter for its Macau property, up from US$50 million the year prior.

- Aaron Goldstein, Gambling911.com Business Reporter

SpinBlitz Sweepstakes Casino Reviews August 2026

SpinBlitz was previously known as Scratchful before rebranding in 2024.

LeBron James’ Next Team Speculation is Driving Huge Action at Prediction Markets

LeBron James Next Team betting markets have so far generated over $200 million just on Kalshi.

Trial Continues for One Time Exec of Malta's BestPlay Gaming Ltd Charged With Complicity in Journalist Assassination

Trial Continues for One Time Exec Tied to Malta's BestPlay Gaming Ltd Charged With Complicity in Journalist Assassination

Businessman Yorgen Fenech who once had ties to Malta's BestPlay Gaming Ltd is on trial accused of complicity in journalist Daphne Caruana Galizia voluntary homicide and criminal association.

Can't Play With Kalshi From Washington State - WTF?

Judge John McHale of the King County Superior Court said the state showed "a likelihood of actual and substantial injury to Washington consumers from illegal gambling activities" if no injunction (against Kalshi) were issued.