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02:25 Saturday 16 January 2021
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  • NEWS
    2021: Japan IR – Crunch time

    Meeting of casino opposition party suggests Tokyo IR bid still on the cards

    Yokohama to hold discussions with IR operators to understand impact of COVID-19

    Yokohama city moves its first IR Business Briefing online in response to Japan’s state of emergency

    Reports Yokohama to start RFP in late January

    Reports Yokohama to start RFP in late January

    Hard Rock Japan President declares company still in race for Japan IR

    Hard Rock International acquires London casino license from The Ritz Club

    Going Global

    Melco consolidated debt to reach US$7 billion in 2021 on COVID, capex pressures: Moody’s

    Jeju police track down missing Landing International money but suspects on the run

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      2021: Japan IR – Crunch time

      2021: Japan IR – Crunch time

      In safe hands

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      Creating an RG culture beyond the boardroom

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      • PEOPLE
        Dave Smith: Smell of success

        Dave Smith: Smell of success

        Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

        Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

        Creation theory

        Creation theory

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Paltronics announces passing of Stephen Cowan, much-admired Managing Director

        Dark days

        POST-COVID2: The most transformative business shock of our lifetimes

        Dominic Laubach: Global explorer

        Dominic Laubach: Global explorer

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          A decade of differentiation

          A decade of differentiation

          How to set up for IR success

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          Macau: Taking a sensible approach to responsible gaming

          Macau: Taking a sensible approach to responsible gaming

          Time to realign?

          Time to realign?

          Marketing during COVID-19 and beyond

          Marketing during COVID-19 and beyond

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          • TECH TALK
            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

            Aruze Gaming launches two new pachinko-inspired slot titles into Asia

            First-class showcase in the virtual space

            First-class showcase in the virtual space

            Badge of honor

            Badge of honor

            Matsui to act as authorized reseller of “Cure Clean” LED space sterilizer

            Matsui to act as authorized reseller of “Cure Clean” LED space sterilizer

            Evolution launches world’s first online live Craps game

            Evolution launches world’s first online live Craps game

            Transcendence

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              Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

              Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

              PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

              Philippines court order preventing new 5% franchise tax could halt POGO exodus

              MGM Resorts looking to raise US$750 million via senior notes offering

              MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

              Evolution launches world’s first online live Craps game

              Evolution launches world’s first online live Craps game

              Duterte extends “modified” quarantine measures across Metro Manila to 31 May

              PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

              LaLiga signs four-year partnership with M88 in Asia

              LaLiga signs four-year partnership with M88 in Asia

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              • EVENTS
                Castle in the Sky

                Osaka IR & Inbound Business Seminar canceled due to COVID-19

                SBC launches new SBC Digital 2021 events program

                SBC launches new SBC Digital 2021 events program

                IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                IAG spreads Christmas cheer at Macau After Dark 7

                IAG spreads Christmas cheer at Macau After Dark 7

                IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                Inside Asian Gaming names Galeria Lisboa at Macau Fisherman’s Wharf as venue for this Friday’s “MAD Santa” Macau After Dark event

                Scientific Games to showcase new slot game “James Bond – Diamonds Are Forever” at this week’s Macau After Dark 7

                Trending Tags

                • MACAU
                  Going Global

                  Melco consolidated debt to reach US$7 billion in 2021 on COVID, capex pressures: Moody’s

                  Macau’s hotel room rates fell almost 50% year-on-year in 4Q20

                  Macau’s hotel room rates fell almost 50% year-on-year in 4Q20

                  G2E Asia to forge ahead with July dates for 2020 trade show

                  G2E Asia postponed until August 2021

                  A spirit of social responsibility

                  A spirit of social responsibility

                  Macau MICE industry loses steam in 1Q18

                  Future of Las Vegas Sands “still in Asia” following passing of founder Sheldon Adelson

                  MGM China says no plans to restructure

                  MGM China subsidiary signs consultancy agreement with Pansy Ho-owned PR and marketing firm

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                  • JAPAN
                    2021: Japan IR – Crunch time

                    Meeting of casino opposition party suggests Tokyo IR bid still on the cards

                    Yokohama to hold discussions with IR operators to understand impact of COVID-19

                    Yokohama city moves its first IR Business Briefing online in response to Japan’s state of emergency

                    Reports Yokohama to start RFP in late January

                    Reports Yokohama to start RFP in late January

                    2021: Japan IR – Crunch time

                    2021: Japan IR – Crunch time

                    In safe hands

                    In safe hands

                    Taxation tremors

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                      2021: Japan IR – Crunch time

                      Meeting of casino opposition party suggests Tokyo IR bid still on the cards

                      Yokohama to hold discussions with IR operators to understand impact of COVID-19

                      Yokohama city moves its first IR Business Briefing online in response to Japan’s state of emergency

                      Reports Yokohama to start RFP in late January

                      Reports Yokohama to start RFP in late January

                      Hard Rock Japan President declares company still in race for Japan IR

                      Hard Rock International acquires London casino license from The Ritz Club

                      Going Global

                      Melco consolidated debt to reach US$7 billion in 2021 on COVID, capex pressures: Moody’s

                      Jeju police track down missing Landing International money but suspects on the run

                      Trending Tags

                      • POWER 50
                        Power restored

                        Power restored

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Top of the World

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Meet the panel

                        2020 Asian Gaming Power 50: Ones to watch

                        2020 Asian Gaming Power 50 list

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                        2020 Asian Gaming Power 50: Number 1 – Francis Lui

                        2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                        2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

                        Trending Tags

                        • 中文
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                        • NEWS
                          2021: Japan IR – Crunch time

                          Meeting of casino opposition party suggests Tokyo IR bid still on the cards

                          Yokohama to hold discussions with IR operators to understand impact of COVID-19

                          Yokohama city moves its first IR Business Briefing online in response to Japan’s state of emergency

                          Reports Yokohama to start RFP in late January

                          Reports Yokohama to start RFP in late January

                          Hard Rock Japan President declares company still in race for Japan IR

                          Hard Rock International acquires London casino license from The Ritz Club

                          Going Global

                          Melco consolidated debt to reach US$7 billion in 2021 on COVID, capex pressures: Moody’s

                          Jeju police track down missing Landing International money but suspects on the run

                          Trending Tags

                          • FEATURES
                            2021: Japan IR – Crunch time

                            2021: Japan IR – Crunch time

                            In safe hands

                            In safe hands

                            A spirit of social responsibility

                            A spirit of social responsibility

                            Taxation tremors

                            Taxation tremors

                            10 years ago

                            10 years ago

                            Creating an RG culture beyond the boardroom

                            Trending Tags

                            • PEOPLE
                              Dave Smith: Smell of success

                              Dave Smith: Smell of success

                              Scientific Games insists liquidity position strong after adding US$480 million in debt, cutting costs

                              Scientific Games appoints Eileen Moore Johnson as Executive Vice President and Chief Human Resources Officer

                              Creation theory

                              Creation theory

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Paltronics announces passing of Stephen Cowan, much-admired Managing Director

                              Dark days

                              POST-COVID2: The most transformative business shock of our lifetimes

                              Dominic Laubach: Global explorer

                              Dominic Laubach: Global explorer

                              Trending Tags

                              • COLUMNISTS

                                Big money

                                A decade of differentiation

                                A decade of differentiation

                                How to set up for IR success

                                How to set up for IR success

                                Macau: Taking a sensible approach to responsible gaming

                                Macau: Taking a sensible approach to responsible gaming

                                Time to realign?

                                Time to realign?

                                Marketing during COVID-19 and beyond

                                Marketing during COVID-19 and beyond

                                Trending Tags

                                • TECH TALK
                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  Aruze Gaming launches two new pachinko-inspired slot titles into Asia

                                  First-class showcase in the virtual space

                                  First-class showcase in the virtual space

                                  Badge of honor

                                  Badge of honor

                                  Matsui to act as authorized reseller of “Cure Clean” LED space sterilizer

                                  Matsui to act as authorized reseller of “Cure Clean” LED space sterilizer

                                  Evolution launches world’s first online live Craps game

                                  Evolution launches world’s first online live Craps game

                                  Transcendence

                                  Transcendence

                                  Trending Tags

                                  • iGAMING
                                    Manila restrictions ease as Duterte implements General Community Quarantine for National Capital Region

                                    Philippine police arrest eight alleged members of POGO-linked “kidnap for ransom” gang

                                    PAGCOR reveals substantial POGO revenue rise in 2018 as enforcement role defended

                                    Philippines court order preventing new 5% franchise tax could halt POGO exodus

                                    MGM Resorts looking to raise US$750 million via senior notes offering

                                    MGM Resorts considering US$13 billion takeover offer for Ladbrokes owner Entain

                                    Evolution launches world’s first online live Craps game

                                    Evolution launches world’s first online live Craps game

                                    Duterte extends “modified” quarantine measures across Metro Manila to 31 May

                                    PAGCOR sees regulatory fees from POGOs halved as Philippines online gaming industry shrinks

                                    LaLiga signs four-year partnership with M88 in Asia

                                    LaLiga signs four-year partnership with M88 in Asia

                                    Trending Tags

                                    • EVENTS
                                      Castle in the Sky

                                      Osaka IR & Inbound Business Seminar canceled due to COVID-19

                                      SBC launches new SBC Digital 2021 events program

                                      SBC launches new SBC Digital 2021 events program

                                      IAG named Lead Media Partner for Phil-Asian Gaming Expo (PAGE)

                                      Phil-Asian Gaming Expo says Manila’s SMX Convention Centre to be sole venue for PAGE 2021

                                      IAG spreads Christmas cheer at Macau After Dark 7

                                      IAG spreads Christmas cheer at Macau After Dark 7

                                      IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                                      IAG releases 7-minute long-format post-event highlights video from 2020 Asian Gaming Power 50 Black Tie Gala Dinner

                                      Inside Asian Gaming names Galeria Lisboa at Macau Fisherman’s Wharf as venue for this Friday’s “MAD Santa” Macau After Dark event

                                      Scientific Games to showcase new slot game “James Bond – Diamonds Are Forever” at this week’s Macau After Dark 7

                                      Trending Tags

                                      • MACAU
                                        Going Global

                                        Melco consolidated debt to reach US$7 billion in 2021 on COVID, capex pressures: Moody’s

                                        Macau’s hotel room rates fell almost 50% year-on-year in 4Q20

                                        Macau’s hotel room rates fell almost 50% year-on-year in 4Q20

                                        G2E Asia to forge ahead with July dates for 2020 trade show

                                        G2E Asia postponed until August 2021

                                        A spirit of social responsibility

                                        A spirit of social responsibility

                                        Macau MICE industry loses steam in 1Q18

                                        Future of Las Vegas Sands “still in Asia” following passing of founder Sheldon Adelson

                                        MGM China says no plans to restructure

                                        MGM China subsidiary signs consultancy agreement with Pansy Ho-owned PR and marketing firm

                                        Trending Tags

                                        • JAPAN
                                          2021: Japan IR – Crunch time

                                          Meeting of casino opposition party suggests Tokyo IR bid still on the cards

                                          Yokohama to hold discussions with IR operators to understand impact of COVID-19

                                          Yokohama city moves its first IR Business Briefing online in response to Japan’s state of emergency

                                          Reports Yokohama to start RFP in late January

                                          Reports Yokohama to start RFP in late January

                                          2021: Japan IR – Crunch time

                                          2021: Japan IR – Crunch time

                                          In safe hands

                                          In safe hands

                                          Taxation tremors

                                          Taxation tremors

                                          Trending Tags

                                          • REGIONAL
                                            • All
                                            • Africa
                                            • Australia
                                            • Cambodia
                                            • China
                                            • CNMI
                                            • Europe
                                            • Hong Kong
                                            • India
                                            • Japan
                                            • Laos
                                            • Latin America
                                            • Macau
                                            • Malaysia
                                            • Nepal
                                            • New Zealand
                                            • North America
                                            • North Korea
                                            • Philippines
                                            • Russia
                                            • Singapore
                                            • South Korea
                                            • Sri Lanka
                                            • Thailand
                                            • Vietnam
                                            2021: Japan IR – Crunch time

                                            Meeting of casino opposition party suggests Tokyo IR bid still on the cards

                                            Yokohama to hold discussions with IR operators to understand impact of COVID-19

                                            Yokohama city moves its first IR Business Briefing online in response to Japan’s state of emergency

                                            Reports Yokohama to start RFP in late January

                                            Reports Yokohama to start RFP in late January

                                            Hard Rock Japan President declares company still in race for Japan IR

                                            Hard Rock International acquires London casino license from The Ritz Club

                                            Going Global

                                            Melco consolidated debt to reach US$7 billion in 2021 on COVID, capex pressures: Moody’s

                                            Jeju police track down missing Landing International money but suspects on the run

                                            Trending Tags

                                            • POWER 50
                                              Power restored

                                              Power restored

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Top of the World

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Meet the panel

                                              2020 Asian Gaming Power 50: Ones to watch

                                              2020 Asian Gaming Power 50 list

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 1 – Francis Lui

                                              2020 Asian Gaming Power 50: Number 4 – Lawrence Ho

                                              2020 Asian Gaming Power 50: Number 2 – Sheldon Adelson

                                              Trending Tags

                                              • 中文
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                                              IAG
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                                              2019 Asian Gaming Power 50: Number 5 – Pansy Ho

                                              Newsdesk by Newsdesk
                                              Thursday 7 November 2019 at 15:21
                                              2019 Asian Gaming Power 50: Number 29 – John Alexander
                                              43
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                                              CO-CHAIRPERSON AND EXECUTIVE DIRECTOR
                                              MGM China Holdings Ltd

                                              GROUP EXECUTIVE CHAIRMAN AND MANAGING DIRECTOR
                                              Shun Tak Holdings

                                              DIRECTOR
                                              STDM

                                              POWER SCORE: 3,491
                                              POSITION LAST YEAR: 10

                                              CLAIMS TO FAME
                                              • Among the most prominent of Dr Stanley Ho’s 17 children
                                              • Has interests in two Macau concessionaires plus multiple other real estate and hospitality groups

                                              ONE of Macau and Hong Kong’s most prominent businesswomen with a broad portfolio of real estate, travel and entertainment interests, it is Pansy Ho’s 22.49% personal stake in Macau gaming concessionaire MGM China Holdings Ltd that has formed the backbone of her success.

                                              And it’s been an important 18 months for MGM, whose flagship Macau casino and resort MGM Cotai – opened in February 2018 following a series of untimely delays – has started clawing back valuable market share.

                                              At its lowest point in late 2017, MGM’s Macau market share had slumped to just 7% but that figure has now jumped back to 9% and climbing on the back of its Cotai operations.

                                              MGM Cotai itself reported net revenue of US$315.9 million in 2Q19, up from US$184.7 million 12 months earlier, helping push MGM China to a 26% year-on-year increase in GGR. In another positive, the company said that 80% of its second quarter profit was derived from mass market gaming – widely tipped to be the future of the local gaming industry.

                                              That’s good news for Pansy Ho, but she certainly hasn’t used MGM’s recovery as an excuse to rest on her laurels.

                                              Instead, in January of this year she made her move for control of Sociedade de Turismo e Diversões de Macau, SA – the one-time holder of a monopoly on Macau’s casino industry that was founded by her father, Stanley Ho, in 1962 and is now majority owner of SJM Holdings. Alongside MGM, SJM is one of the Macau SAR’s six gaming concessionaires.

                                              By forming an alliance with the Fok Foundation, the combined interests in STDM of Ho and her new partners reached 53% and allowed them to claim six of 10 available seats on the SJM board when internal elections were held earlier this year. Conveniently, MGM’s covenants restrict its shareholders from holding meaningful stakes in any of its rival concessionaires but have written into them an exception for Ho as it relates to SJM.

                                              Meanwhile, the 57-year-old also maintains her role as Group Executive Chairman and Managing Director of Hong Kong’s Shun Tak Holdings, overseeing one of Macau’s biggest land owners with interests in a number of Macau gaming operators including Artyzen Hospitality Group, which owns Grand Lapa.

                                              Shun Tak recently reported a HK$70 million loss for its TurboJET ferry service for the first six months of 2019, down from a profit of HK$186 million, due to the impact of the recently opened Hong Kong-Zhuhai-Macau Bridge on its popular Macau ferry routes. But that impact was somewhat negated by the fact that Shun Tak also happens to be one of the bridge’s approved shuttle bus service providers. Shun Tak & CITS Coach (Macao) Limited, better known as Golden Bus, recorded revenue of HK$70 million for the period.

                                              For the full list of 2019 Asian Gaming Power 50 winners, click here.

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                                              Newsdesk

                                              Newsdesk

                                              The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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