Friday, January 15, 2010

MGM Said to Forge Ahead With Macau I.P.O.

MGM Mirage, the casino company whose counts Kirk Kerkorian as its largest shareholder, is following in the footsteps of rivals Wynn Resorts and Las Vegas Sands as it pushes ahead with plans to list its Macau operations on the Hong Kong stock exchange, according to press reports.

MGM Grand Macao, the joint venture between MGM Mirage and its Macao partner, Pansy Ho,have begun vetting banks to work on the I.P.O., The South China Morning Post reported.

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