MGM Mirage has announced that it is considering plans to list on the Hong Kong Stock Exchange. The move comes after the Wynn Casino raised $1.87 billion through Hong Kong’s second biggest IPO this year and with Sands already applied to IPO and hoping to raise $2 billion. MGM Mirage hopes to use an IPO to expand it’s current casino in Macau and also hunt for possible new sites to open further casino operations in Macau

The MGM Mirage is co-owned by the MGM Mirage and local entrepreneur Pansy Ho, daughter of Macau casino owner Stanley Ho. This news of capital building is still considered a very risky move with Macau’s casinos profits heavily leveraged upon the visa restrictions that the Chinese government applies to it’s own citizens. Lately, the Chinese government has relaxed the restrictions but there is still plenty of speculation on whether restrictions will be further restricted or whether they will be relaxed. MGM Mirage knows that as long as it can get its hands on more capital, building more casinos and gaming floors it can take advantage of the best opportunities that appear.

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