The virus has suppressed casino share price, but an MGM China stake sale would still bring a useful chunk of change. An US$11 billion offer from MGM Resorts for Entain, the owner of British betting shop Ladbrokes, was rejected this week. MGM Resorts is also poised to apply for a licence in Japan, a project that could require a US$10 billion investment.
MGM itself endured intense US scrutiny back in 2009 for its connections with Macau's Ho family. That makes the investor proposal something of a roll of the dice. On balance, though, it's probably worth a punt.
Source: News Formal (newsformal.com)
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