Pansy Ho Sells $140M in MGM Shares, Liquidating Stake in Casino Stock
Posted on: June 8, 2026, 12:52h.
Last updated on: June 8, 2026, 12:52h.
- Ho is the chairperson of MGM China
- She previously whittled her stake in the US casino giant
- Most recent share disposal comes as MGM is a takeover target
MGM China Chairperson and Executive Director Pansy Ho recently divested her remaining equity interest in MGM Resorts International (NYSE: MGM).
According to a new filing with the Hong Kong Stock Exchange, the listing venue for MGM China, Ho eliminated her 1.2% stake in the Las Vegas-based casino operator across a series of late May and early June sales totaling $140 million.
Over the past several years, Ho has gradually reduced her equity position in MGM. Following several sales in late 2019, the Macau casino magnate trimmed her MGM exposure in February and followed that up with another reduction in May of that year.
At its peak, Ho’s position in MGM was 4.8%.
In Selling MGM Stake, Ho Had Great Timing
As was the case with some of her previous share sales, Ho’s timing with the liquidation of her MGM stake was remarkably fortuitous, if not downright lucky.
The filing with the Hong Kong Stock Exchange indicates Ho eliminated her remaining stake in MGM across five transactions commencing on May 28 running through June 3. That means she derived some financial benefit from the June 1 announcement of Barry Diller’s People Inc. (NASDAQ: IAC) offering $18 billion to acquire MGM.
Related to that offer, at least one sell-side analyst has speculated that if Diller — MGM’s largest shareholder — is successful in his quest to acquire the casino giant, he could examine divesting the company’s 40% interest in the upcoming MGM Osaka integrated resort as well as its nearly 56% position in MGM China.
For now, that’s unconfirmed conjecture, but if Diller gets his hands on MGM and sells the MGM China stake at a premium, that could benefit Ho because she controls 22.49% of the Macau casino operator.
How Ho’s MGM Stake Was Built
Ho, the eldest daughter of the late Stanley Ho — the man widely viewed as the “king” of Macau’s casino industry — was granted MGM shares through a 2016 transaction in which the US gaming company increased its position in the Macau operator bearing its name.
That transaction and another with Kirk Kerkorian’s Tracinda Corp. took Pansy Ho’s ownership of MGM equity to nearly 5%. From 2016 through the bulk of 2019, she stood pat with her MGM interest prior to commencing a gradual reduction of that stake in late 2019.
MGM China, which is one six Macau concessionaires, operates MGM Macau on the peninsula and MGM Cotai on the Cotai Strip.
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