MGM Mirage, Pansy Ho Macau joint venture to offer IPO

MGMwallStStock in the middle with you… MGM Mirage was willing to walk away from Atlantic City in order to maintain its joint venture relationship with Pansy Ho, and here’s why. CEO Jim Murren has revealed that the MGM/Ho operation will get their IPO done by August or September, with plans to sell $850 million in secured bonds between now and June. Read more.