HomeNewsMacauSnow Lake Capital urges MGM to sell 20% of its China business

Snow Lake Capital urges MGM to sell 20% of its China business

January 7, 2021

Investment firm Snow Lake Capital has urged MGM Resorts in an open letter to sell 20 percent of its China business to a strategic partner, calling it a “win-win transaction” for all. The firm owns roughly 7.5 percent of MGM China Holdings.

Open Letter to Board of Directors, MGM Resorts International (letter)

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Felix Ng https://agbrief.com/about-asia-gaming-brief/

Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.