Pansy Ho, in the pursuit of prosperity for MGM China

May 23, 2011 8:00 PM

Pansy Ho, who expects to continue being "an MVP" or in her explanation a "best assistant" in the pursuit of prosperity for MGM China following the ongoing initial public offering in Macau, said she believes approval from the Macau government of the company’s application for a Cotai site will come this year.

"We have been very hopeful that this (approval) obviously could happen within the year," she was quoted as saying.

"We have identified a site in Cotai," the company said in a filing, "and have submitted an application to the Macau government to obtain the right to lease this parcel of land."