Financial Times FT.com

MGM Mirage warned over Macao JV

By Tom Mitchell in Hong Kong

Published: May 19 2009 19:37 | Last updated: May 19 2009 19:37

New Jersey gaming regulators have advised that MGM Mirage should be “directed to disengage” from its Macao joint venture partner, the daughter of gambling tycoon Stanley Ho, a filing by the casino giant says.

The recommendation by the New Jersey Division of Gaming Enforcement is the first by a US regulator to go against Pansy Ho, who has a 50 per cent stake in the $1.25bn MGM Grand Macau. The casino opened in Macao, the Chinese special administrative region, in December 2007 and has been struggling financially.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this