MGM Resorts International Announces IPO Hearing; Will Obtain 51% Stake in MGM China

As previously announced, MGM Resorts International MGM and Ms. Pansy Ho are pursuing a proposed initial public offering of the shares of MGM China Holdings Limited on the Hong Kong Stock Exchange. The IPO and related transactions will be structured so that MGM Resorts will obtain 51% ownership, and management control, of MGM China upon consummation of the IPO.