MGM China Holdings Co-Chair Pansy Ho recently rejected reports of a potential stake sale in the company. This news comes after reports surfaced that the company was looking to sell a significant portion of its stake in the business.

Ho, who is the daughter of Macau casino magnate Stanley Ho, has been a co-chair of MGM China since 2011. She has been instrumental in the growth of the company, which has become one of the largest casino operators in Macau.

The reports of a potential stake sale were first reported by Bloomberg, citing unnamed sources. The report suggested that MGM China was looking to sell up to 40 percent of its stake in the company. However, Ho has since denied these reports, stating that there are no plans to sell any stake in the company.

Ho also stated that MGM China is focused on expanding its operations in Macau and other parts of Asia. The company has recently opened a new casino in Singapore and is looking to expand into other markets as well.

MGM China has been a major player in the Macau gaming market for many years. The company operates several casinos in the region, including the MGM Macau and MGM Cotai. The company also owns a stake in the Sands Cotai Central resort, which is one of the largest resorts in Macau.

MGM China is also looking to expand its presence in other parts of Asia. The company recently opened a new casino in Singapore and is looking to open more locations in other countries.

Overall, Pansy Ho has firmly rejected reports of a potential stake sale in MGM China. The company is instead focused on expanding its operations in Macau and other parts of Asia. This is good news for investors as it shows that the company is committed to long-term growth and success.