A joint venture of MGM Resorts int ' L (NYSE: MGM - News) and Pansy Ho, daughter of Chinese gambling tycoon Stanley Ho, raised funds in an initial public offering on the stock exchange of Hong Kong. Pit MGM China Holdings priced at the upper end of its range of 1.59 $-1,97$. In the introduction on the stock exchange, MGM China becomes the owner of the MGM Grand paradise SA, the company of Macao which is owner of MGM Grand Macau Resort and casino, first destination in the World game. MGM fell 4% to 14.19.
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