MGM Mirage Also Eyeing Asia IPO

LAS VEGAS-MGM Mirage and Pansy Ho, its partner in Asia are eying additional development sites in Macau and also are mulling their own IPO, Bloomberg is reporting. The news comes on the heels of Wynn Resorts’ successful IPO of its Macau operations on the Hong Kong stock exchange and Las Vegas Sands’ plans to follow in its footsteps next month.

MGM’s chairman-slash-chief executive Jim Murren reportedly told Bloomberg that it is “under-represented” in Macau, the only place in China where gambling is legal, and that MGM Macau is preparing for an IPO “if that’s what the partners choose to do. Both partners have discussed it, and we believe it’s a very viable and attractive option. We haven’t decided to do it yet, but there’s been a very positive disposition towards it from both partners.”

Murren was not immediately available Friday morning for comment. To read the full Bloomberg story, click here.