Pansy Ho, an executive director and co-chair of Macau casino operator MGM China Holdings, recently sold a portion of her shares in the company’s U.S. parent, MGM Resorts International.
According to GGRAsia, on May 26, May 27 and May 28, Ho’s original 1.36-percent share of MGM Resorts was cut to 0.96 percent. She sold more than 2 million shares, according to the Hong Kong bourse, and grossed approximately US$86.05 million from the transactions.
Ho previously trimmed her stake in November and December of 2019 and February of 2021. In 2016, Ho owned a 4.8 percent stake in MGM Resorts, and reportedly still owns 22.49 percent of MGM China.
It is speculated that Pansy Ho will eventually shift her attention to SJM Holdings, the company founded by her father, the late Stanley Ho. A reorganization of the company put parties allied to Pansy in charge in the last year.
