MGM Lifts China Stake in $325 Million Pact With Pansy Ho

  • Chinese investor building 4.95% holding in MGM Resorts
  • Casino operator’s ownership of China division to rise to 56%

MGM Resorts CEO: I Believe in Long-Term Future of Macau

MGM Resorts International acquired more shares in its China unit in a deal valued at about $325 million with Pansy Ho, the daughter of gambling mogul Stanley Ho, who will add to her stake in the Las Vegas-based parent company.

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