Malaysia's Genting Group makes surprise move for Macau gaming concession – IAG
A company linked to Genting Group Chairman and CEO Lim Kok Thay has been revealed as a surprise seventh bidder
Source: asgam.com
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Stanley Ho's eldest daughter loses bid to name accountants to administer assets
Late gaming tycoon Stanley Ho Hung Sun’s eldest surviving child has lost a legal bid to have two accountants of her choice co-administer his billion-dollar assets alongside two others backed by the majority of her siblings. Angela Ho Chiu Yin had asked the High Court to appoint two managing directors of Alvarez & Marsal Asia as administrators, alongside two others...
Source: asiaone.com
Court tasked to name administrators of Stanley Ho's estate after family members fail to reach agreement
A Hong Kong court has been asked to name the administrators of late gaming tycoon Stanley Ho Hung Sun’s vast and complex multibillion-dollar estate after his surviving children and grandchildren failed to reach an agreement. Ho, who was counted as one of Asia’s richest men while he ran the continent’s largest casino empire for half a century, died without leaving...
Source: asiaone.com
GGRAsia – Pansy Ho again cuts stake in MGM Resorts, for US$86mln
Pansy Ho Chiu King (pictured in a file photo), co-chairperson and an executive director of Macau casino operator MGM China Holdings Ltd, sold in late May more shares in MGM China’s parent, United States-based casino group MGM Resorts International. Following the most recent stock sale – on May 26, May 27, and May 28 – Ms Ho’s original 1.36-percent long position in MGM Resorts has been reduced to 0.96 percent. She sold an aggregate of 2,016,788 shares in the U.S. firm, according to the transaction records filed with the Hong Kong bourse, where MGM China is listed. Ms Ho grossed appro...
Source: ggrasia.com
GGRAsia – MGM Cotai to launch resident show in July
Macau casino operator MGM China Holdings Ltd announced this week it will launch in July a resident show at its MGM Cotai casino resort, called “MGM Awakening Lion”. The new show has been developed in collaboration with the Guangzhou Song and Dance Theatre, and is said to be an adaptation of the award-winning Chinese ethnic dance drama, “Awakening Lion”. It will be the first show residency for the Guangzhou Song and Dance Theatre outside mainland China, according to a Monday release. The spectacle is co-produced by the Publicity Department of the Guangzhou Municipal Committee of the...
Source: ggrasia.com