Pansy Ho Chiu King, chairperson and a substantial shareholder of Macau casino operator MGM China Holdings Ltd, has disposed of her entire stake in the company’s United States-based parent, MGM Resorts International, according to public records.
Ms Ho (pictured in a file photo) did so via transactions on May 28, May 29, June 1, June 2, and June 3. The moves grossed approximately US$140.14 million.
As a result of the five transactions, Ms Ho’s long position in MGM Resorts went from 1.20 percent to 0.00 percent, according to records filed with the Hong Kong Stock Exchange, where MGM China is listed.
Ms Ho and certain companies controlled by her, are substantial MGM China shareholders, with 22.49 percent of its issued share capital. MGM Resorts in turn is the controlling shareholder of MGM China, with 55.95 percent of its issued share capital as of December 31, 2025, according to MGM China’s 2025 annual report issued in March.
Ms Ho’s stake in MGM Resorts had stood at 3.13 percent in November 2019. She subsequently conducted several disposals of her holding in the parent, up to year-end in 2019. She also disposed of some MGM Resorts stock in 2021 and 2023, according to the Hong Kong bourse.
MGM Resorts confirmed on June 1 that it had received a non-binding cash offer that day from People Inc, a media and Internet conglomerate, to acquire all of the outstanding shares of MGM Resorts that it does not already own, for US$48.30 per share in cash. As of that date, People Inc owned 26.1 percent of the outstanding common stock of MGM Resorts.
The offer is said to value MGM Resorts at more than US$18 billion, including circa US$6.40 billion in net debt.
