Both companies reportedly mulls Asian IPO
MGM and Pansy Ho plan Macau casino expansion
(Macau).- MGM Mirage and its Macau casino partner, Pansy Ho, plan to expand their casino operations in Macau and are mulling an initial public offering. The partners have begun inspecting sites for potential resorts within Macau.
2009-10-16
Reading time 27 seg
CEO Jim Murren told Bloomberg the Macau venture was under-represented in the market. It was reported earlier this week that MGM rival Las Vegas Sands plans to list as soon as next month its Macau assets on the Hong Kong stock exchange. Wynn Resorts, meanwhile, held its IPO for its Macau assets earlier in October.
The news from MGM comes on the same day reports surfaced that travel restrictions were being tightened in the region, potentially hurting the revenue of casino operators in Macau.
In September, Macau reported that gambling revenue had more than doubled, making it a profitable area of growth for casino operators that are having trouble in the United States amid the economic downturn.
Leave your comment
RELATED NEWS
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
COMPANIES
Season-long branding placement
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Hundreds of jobs at risk as shops shut
William Hill owner Evoke to close 270 shops as losses widen on tax hit
NYCE Marketplace
Partnership expansion
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Vor Turbo shares product overview
Sportsbook integration: Deploying betting widgets at scale
Also authorised in New Jersey, Michigan
Flows secures Pennsylvania Gaming Control Board authorisation
Upcoming Philippines casino resort
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
