Published on: June 8, 2026, at 12:52 PM.
Updated on: June 8, 2026, at 12:52 PM.
- Pansy Ho serves as the chairperson of MGM China.
- She has reduced her investment in the US casino operator previously.
- This latest share sale occurs amid MGM’s interest from potential buyers.
Pansy Ho, the Chairperson and Executive Director of MGM China, has recently sold off her entire stake in MGM Resorts International (NYSE: MGM).
A recent filing with the Hong Kong Stock Exchange, where MGM China is listed, reveals that Ho sold her remaining 1.2% interest in the Las Vegas-based casino company through several transactions totaling $140 million, executed in late May and early June.
In recent years, Ho has consistently decreased her stake in MGM. After several sales in late 2019, she further reduced her exposure in February, followed by additional sales in May of the same year.
At its height, Ho controlled 4.8% of MGM’s shares.
Timing of Ho’s MGM Stake Sale
Similar to her prior share sales, Ho’s decision to liquidate her remaining MGM stake appears to have been remarkably well-timed.
The Hong Kong Stock Exchange filing notes that Ho’s sales occurred in five separate transactions from May 28 through June 3, allowing her to benefit financially from Barry Diller’s People Inc. (NASDAQ: IAC) announcement on June 1 regarding an $18 billion acquisition bid for MGM.
As part of this acquisition speculation, some analysts believe that should Diller—who is MGM’s largest shareholder—succeed in purchasing the casino giant, he might consider divesting MGM’s 40% stake in the forthcoming MGM Osaka integrated resort, as well as its nearly 56% interest in MGM China.
While this remains unconfirmed speculation, a potential sale of MGM China at a premium by Diller could favor Ho, who maintains a 22.49% stake in the Macau casino operator.
Background of Ho’s MGM Stake
Pansy Ho, the eldest daughter of the late Stanley Ho—the prominent figure often referred to as the “king” of Macau’s casino landscape—acquired MGM shares through a 2016 deal that increased the US gaming company’s stake in its Macau subsidiary.
This transaction, along with a deal involving Kirk Kerkorian’s Tracinda Corp., raised Pansy Ho’s ownership of MGM equity to almost 5%. From 2016 until late 2019, she maintained her stake before starting a gradual divestment.
MGM China, one of six concessionaires in Macau, operates both MGM Macau on the peninsula and MGM Cotai on the Cotai Strip.