{"id":18809,"date":"2021-06-09T14:59:28","date_gmt":"2021-06-09T14:59:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18809"},"modified":"2026-04-23T18:44:35","modified_gmt":"2026-04-23T21:44:35","slug":"pansy-ho-chiu-king-reduces-mgm-resorts-stake-to-0-86","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pansy-ho-chiu-king-reduces-mgm-resorts-stake-to-0-86","title":{"rendered":"Pansy Ho Chiu King reduces MGM Resorts stake to 0.86%"},"content":{"rendered":"\n

Pansy Ho Chiu King has sold US$20.4m worth of shares in MGM China\u2019s parent company, MGM Resorts International, reducing her stake to 0.86 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 sold an aggregate of 467,719 shares in the US firm.<\/strong><\/p>\n\n\n\n

Ho Chiu King<\/a> started to reduce her stake in MGM Resorts last year when she sold US$140.2m worth of shares in December<\/strong>, reducing her stake from 3.13 per cent to 2.26 per cent. Her stake now stands at 0.86 per cent<\/strong>.<\/p>\n\n\n\n

Her latest transaction in May grossed approximately US$86.05m through the sale of an aggregate of 2,016,788 shares<\/strong>.<\/p>\n\n\n\n

Ho continues to hold a 22.49 per cent stake in MGM China<\/a>. In January, she signed an agreement through Occasions Asia Pacific <\/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 Resorts appoints Tilak Mandadi as chief strategy, innovation and technology officer<\/strong><\/h2>\n\n\n\n

MGM Resorts has named Tilak Mandadi <\/strong>as its new chief strategy, innovation and technology officer as of July 6.<\/p>\n\n\n\n

Mandadi previously worked for Disney and American Express<\/strong>. He will oversee MGM Resorts’ digital strategy and look to drive technological growth and innovation.<\/p>\n\n\n\n

Bill Hornbuckle<\/a>, MGM Resorts CEO & President, said: “We are incredibly proud to have Tilak join our executive leadership team to drive an essential part of our business<\/strong> and guest value proposition at such a critical time.<\/p>\n\n\n\n

“Tilak’s experiences at both Disney and American Express, along with his high-calibre track record as a visionary<\/strong>, results-driven leader, will be invaluable as we emerge from the pandemic.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Pansy Ho Chiu King has sold US$20.4m worth of shares in MGM China\u2019s parent company, MGM Resorts International, reducing her stake to 0.86 per cent.<\/p>\n","protected":false},"author":176,"featured_media":17575,"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 further reduced her stake in MGM Resorts International to 0.86% through recent share sales totaling US$86.05m, though she retains a significant 22.49% in MGM China. Concurrently, MGM Resorts International appointed Tilak Mandadi as Chief Strategy, Innovation and Technology Officer, signaling a strategic focus on digital transformation and technological advancement.","focusai_entities":"Pansy Ho Chiu King, MGM China Holdings Ltd, MGM Resorts International, Occasions Asia Pacific, MGM Grand Paradise, Tilak Mandadi, Disney, American Express, Bill Hornbuckle","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), product_ux (0.7), tech_data (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Ho's Divestment Rationale?","query":"What strategic rationale underpins Pansy Ho Chiu King's continued divestment in MGM Resorts International, particularly given her sustained significant stake in MGM China Holdings Ltd?"},{"label":"Tech Officer's Impact?","query":"How will Tilak Mandadi's appointment as Chief Strategy, Innovation and Technology Officer at MGM Resorts International influence the group's global digital transformation roadmap and B2B technology procurement strategies?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23907,23906,16615],"class_list":["post-18809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-land-based-casino","tag-macau-casinos","tag-mgm-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18809","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=18809"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18809\/revisions"}],"predecessor-version":[{"id":18845,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18809\/revisions\/18845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17575"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}