{"id":18622,"date":"2021-06-03T15:44:25","date_gmt":"2021-06-03T15:44:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18622"},"modified":"2026-04-23T18:54:28","modified_gmt":"2026-04-23T21:54:28","slug":"pansy-ho-sold-more-mgm-china-shares-in-may","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pansy-ho-sold-more-mgm-china-shares-in-may","title":{"rendered":"Pansy Ho sold more MGM China shares in May"},"content":{"rendered":"\n

Pansy Ho Chiu King sold US$86.05m worth of shares in MGM China\u2019s parent company, MGM Resorts International, reducing her stake to 0.96 per cent.<\/p>\n\n\n\n\n\n\n\n

Macau.- Pansy Ho Chiu King<\/strong>, co-chairperson and an executive director of Macau casino operator MGM China Holdings Ltd has further reduced her position in MGM Resorts after\u00a0selling an aggregate of 2,016,788 shares in the US firm.<\/strong><\/p>\n\n\n\n

According to data filed with the Hong Kong Stock Exchange, the average\u00a0price per share of MGM Resorts was US$42.51, US$42.81 and US$43.65\u00a0<\/strong>on May 26, May 27 and May 28 respectively.<\/p>\n\n\n\n

After the sale,\u00a0Ho Chiu King’s 1.36 per cent long position in MGM Resorts has been reduced to 0.96 per cent<\/strong>\u00a0while she grossed approximately US$86.05m from the transaction.<\/p>\n\n\n\n

Ho Chiu King<\/a>\u00a0had previously\u00a0sold US$140.2m worth of shares in December, reducing her stake from 3.13 per cent to 2.26 per cent.<\/p>\n\n\n\n

Ho continues to hold a 22.49 per cent stake in\u00a0MGM China<\/a>. In January, she\u00a0signed an agreement through Occasions Asia Pacific\u00a0<\/strong>to provide PR and marketing services to MGM Grand Paradise, a subsidiary of MGM China.<\/p>\n\n\n\n

Occasions has collaborated with the MGM Group<\/strong>. Under a previous agreement that ran through most of 2020, it provided MGM China with project management, client servicing brand consultancy and marketing, public and media relation and social media services. <\/p>\n\n\n\n

Ho acquired 50 per cent of Occasions<\/strong> last year.<\/p>\n\n\n\n

MGM China expects summer holiday period to boost revenue in Macau<\/strong><\/h2>\n\n\n\n

MGM China\u00a0is looking forward to the\u00a0summer holiday period\u00a0<\/strong>after a good\u00a0Labour Day break performance<\/strong>, with the group\u2019s hotel occupancy back to pre-pandemic levels.<\/p>\n\n\n\n

Kenneth Xiaofeng<\/strong>, MGM president and chief financial officer, said: \u201cWe have high expectations for a\u00a0strong Summer holiday period as shown by the past holiday<\/strong>.<\/p>\n\n\n\n

\u201cMacau remains the safest and most convenient destination market <\/strong>outside mainland China.\u201d<\/p>\n\n\n\n

MGM China <\/strong>said it was confident results would continue to improve<\/strong> after gross gaming revenue (GGR) for the first quarter of the year recovered to nearly 40 per cent of pre-pandemic levels<\/strong>.<\/p>\n\n\n\n

For the first quarter of the year, MGM China reported an 8.8 per cent rise <\/strong>in revenue year-on-year, although revenue was down 2.6 per cent compared to the previous quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pansy Ho Chiu King sold US$86.05m worth of shares in MGM China\u2019s parent company, MGM Resorts International, reducing her stake to 0.96 per cent.<\/p>\n","protected":false},"author":176,"featured_media":18633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Pansy Ho Chiu King has divested a further US$86.05m in MGM Resorts International shares, reducing her stake to 0.96%. Concurrently, she maintains a significant 22.49% stake in MGM China, with her firm, Occasions Asia Pacific, securing a PR and marketing services agreement with MGM Grand Paradise. MGM China anticipates robust revenue growth in Macau, driven by strong holiday performance and GGR recovery to nearly 40% of pre-pandemic levels.","focusai_entities":"Pansy Ho Chiu King, MGM China Holdings Ltd, MGM Resorts International, Occasions Asia Pacific, MGM Grand Paradise, MGM Group, Kenneth Xiaofeng","focusai_location":"Macau, Hong Kong, China, US","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Ho's Stake Impact","query":"What are the strategic implications of Pansy Ho's continued divestment in MGM Resorts International for the long-term governance and operational alignment between MGM Resorts and MGM China?"},{"label":"Macau GGR Outlook","query":"How does MGM China's Q1 GGR recovery to 40% of pre-pandemic levels position it relative to other Macau concessionaires, and what specific market factors are driving its optimistic summer holiday forecast?"}],"footnotes":""},"categories":[157,16338],"tags":[23907,23906,16615],"class_list":["post-18622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-land-based-casino","tag-macau-casinos","tag-mgm-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=18622"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18622\/revisions"}],"predecessor-version":[{"id":18650,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18622\/revisions\/18650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18633"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}