MGM China Holdings

Credit Suisse issued its 2015 outlook on the Macau Gaming Sector Wednesday and forecasted a “year of rebalancing.” Analysts Kenneth Fong and Isis Wong thought “the major round of earnings cuts is largely behind us and VIP is beginning to show signs of sequential stabilisation...

MGM Resorts International (NYSE: MGM) announced the pricing of its subsidiary, MGM China Holdings, at HK$15.34 for its Hong Kong IPO, “which should generate $1.5 billion in cash for Pansy Ho,” Jefferies reports. “The price was at the top of the expected range and the subsidiary's shares are...

According to a report released by Jefferies, there are various reports suggesting that MGM Resorts' (NYSE: MGM) subsidiary, MGM China Holdings Ltd, “will likely finalize its initial public offering on the Hong Kong exchange in May and raise about $1 billion.” “The news comes shortly after the...