MGM China may raise up to $1.5 billion from Hong Kong listing

The IPO of the casino joint venture between Las Vegas-based MGM Resorts International and Macau's Pansy Ho comes as Macau boasts another month of record gambling revenues.

MGM China may raise up to $1.5 billion from Hong Kong listing

MGM China, the Macau casino operator that was set up as a joint venture between Las Vegas-based MGM Resorts International and Pansy Ho, has started pre-marketing of an initial public offering that could raise between $1 billion and $1.5 billion, according to sources. The aim is to list in Hong Kong by early June.

Initially planned for 2010, the timing of the offering couldn’t have been better as it follows another record month for...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES