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Ho-MGM partnership gets go-ahead

A partnership between MGM Mirage and Pansy Ho, daughter of Macau casino mogul Stanley Ho, has been approved by the Nevada Gaming Control Board (NGCB), it has been announced.

Ms Ho revealed that she had long wanted to develop her own casino venture away from her father, and will now continue down the road towards the construction of a $1.1 billion casino in Macau with the help of MGM.

Nevada gaming authorities noted that they remain uncertain as to Mr Ho's practices, but were happy to accept that his daughter was focusing on an entirely separate venture.

"There are volumes of controversy surrounding Dr Stanley Ho, both historic and present. From my perspective, he operates in an environment that is less transparent than I am comfortable with," said Randall Sayre of the NGCB, according to Forbes.

"But Mr Stanley Ho is not in front of me today. The joint venture participants must be measured on their own merits," he added.

Authorities spent over two years investigating Ms Ho's potential links to her father because of suspicions surrounding his operations in Macau, Forbes has reported.

In 2005 Ms Ho invested $80 million in the MGM Grand Paradise, laying the foundations for the current agreement between the heiress and the casino empire.


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