Pansy Ho retains 29 percent interest in MGM Grand Macau

Jun 6, 2011 7:00 PM

Pansy Ho, principal seller of shares in the new MGM Grand Paradise SA, the Macau company that owns MGM Grand Macau, said over the weekend that she would retain her 29 percent interest in the company and not add to the initial public offering being promoted on the Hong Kong Stock Exchange.

The proceeds from the 760 million shares being sold, totaling about $1.4 billion, places the daughter of Macau gaming mogul Stanley Ho, among the richest women in Macau.

Ho indicated that in her new role as advisor to the company she would be looking for other investment opportunities.