BUSINESS

IPO imminent for MGM’s Macau joint venture?

TAGs: MGM Grand paradise, MGM Mirage, Pansy Ho

MGMmacauThe South China Morning Post reports that the MGM Grand Paradise, the 50/50 joint venture between MGM Mirage and Pansy Ho (daughter of Macau casino tycoon Stanley Ho), is preparing to list shares in Hong Kong, making it the last of Macau’s six major casino operators to do so. Analysts estimate the value of the share sale at about $1 billion, which has Wall St. investment bankers flocking to Macau, batting their eyes and smiling just as brightly as any of our charming Ayre Heads. Read more about the IPO.

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