MGM Mirage Volatile Financial Situation Not Affecting MGM Mirage Macau

MGM Mirage Macau MGM Mirage financial situation is not affecting MGM Mirage Macau according to managing director of MGM Grand, Pansy Ho. Project CityCenter made a $220 million payment.

Ho states they are keeping a close watch on the economic downtown in America and it should not be a big roadblock currently.

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MGM Grand Macau Opens $1.25 Billion Resort With Michelle Yeoh Actress

MGM Mirage MacauMGM Grand Macau opens $1.25 billion resort with Malaysian Michelle Yeoh actress, business tycoons and celebrities this Tuesday. This casino is a joint venture between MGM Mirage Las Vegas and Pansy Ho, daughter of Stanley Ho, Macau’s former casino kingpin. The partnership is looking for another location on the Cotai Strip for an additional mega resort similar to the Venetian.

The night was a sight to behold. Beautifully dressed waitresses in black suits poured champagne glasses full with Veuve Cliquot to socialites in furs and formal sequin dresses.

The European style plaza was stuffed with large groups of excited gamblers waiting for the grand opening.

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MGM Grand Macau Grand Opening Expected Dec 18 In The Macau Peninsula

MGM Mirage MacauMGM Grand Macau will open Dec 18 on the Macau peninsula, a 50 50 commercial joint venture, between Hong Kong businesswoman Pansy Ho and MGM Mirage. This will be the third opening, in Macau real estate, of a new luxury hotel casino in 2007.

Pansy Ho is the daughter of Stanley Ho, a Hong Kong billionaire who has been the driving force of Macau’s casino business for 40 years. Expanded gaming commerce has since been opened up by the government of the Special Administrative Region of the People’s Republic of China. Macau was a colony of Portugal for more than 400 years before being turned over to China in 1999.

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