..

MGM China IPO Price at $3.6 Billion

Written by:
Aaron Goldstein
Published on:
May/17/2011
MGM China

MGM China is looking to raise between HK$9.4 billion and HK$11.7 billion (or $1.2 billion to $1.5 billion) in an initial public offering.  Shares were coming in at a reduced price compared to other Macau properties.

Gambling revenues in Macau have increased by 43 percent in the first four months of this year, compared to a year earlier.  The number of visitors arriving from mainland China rose 10.3 percent during the first quarter.

MGM China was set up as a 50-50 joint venture between Las Vegas-based MGM Resorts International and Pansy Ho, daughter of long time Macau gambling mogul Stanley Ho.  In the past month, however, MGM has taken control of the company with ownership at 51 percent. 

- Aaron Goldstein, Gambling911.com

 	 10 Day Free Trial from TollFreeForwarding

Business/Financial News

Bookie Pay Per Head Demo

PricePerPlayer.com offers prospective clients a chance to try their Pay Per Head software through a free two week demo.

Coingeek News

Here you will find all the latest news pertaining to and coming from Coingeek.com, a site founded by Gambling911 good friend Calvin Ayre.

Top 5 Tips: How To Become A Profitable Bookie In 2019

Top 5 Tips: How To Become A Profitable Bookie In 2019

Hello, money-making enthusiasts! Premier Per Head is back with another mind-blowing episode. Today we have a special guest joining us. None other than Premier’s own GM , Matty Morandi. "

Price Per Head Sportsbook Solutions

Price Per Head Sportsbook Solutions

If you are looking to be a bookie and accept wagers on various sports then the best option is to look for a price per head solution.

Bitcoin Hell Day

Bitcoin Hell Day

After steadily sitting between $10,000 and $11,000 these past few months, the price of Bitcoin fell 12.8% Tuesday, causing concerns among the online gambling community. 

Syndicate