Pansy Ho Chiu King, co-chair of gaming operator MGM China, has struck a strategic alliance that boosts her control of rival casino concessionaire SJM Holdings, global newswire Reuters reported yesterday.
As reported by The Macau Post Daily yesterday, Shun Tak Holdings announced in a statement to the Hong Kong Stock Exchange late on Wednesday that Ho and four other shareholders of SJM’s holding company STDM have agreed to jointly vote their combined 53 percent stake to “more efficiently” manage SJM, which owns 22 of Macau’s 41 casinos, according to the Gaming Inspection and Coordination Bureau (DICJ).
The five-member alliance comprises the Henry Fok Foundation, Lanceford Co. Ltd., Shun Tak Holdings, Interdragon Limited and Pansy Ho.
This photo taken in June last year shows Pansy Ho Chiu King delivering a speech for an art event at MGM Macau.Photo: Monica Leong
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