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| Thursday, March 22, 2007 |
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Gaming Commission to hear surprise witnessBillionaire Stanley Ho’s sister expected to stir controversy at special MGM Mirage-Pansy Ho hearingA San Francisco law firm is expected to use the public comment portion of Friday’s special meeting of the Nevada Gaming Commission to read a statement from Macau casino magnate Stanley Ho’s younger sister, Winnie, criticizing MGM Mirage’s partnership with Stanley Ho’s daughter, Hong Kong business woman Pansy Ho. Winnie Ho has been embroiled in a legal fight with Stanley Ho over payment of $491 million in dividends from her 8 percent stake in Sociedade de Turismo e Diversoes de Macau (STDM), the holding company for 16 Macau casinos operated by the controversial billionaire. Ms. Ho has repeatedly alleged that she is owed for almost five years of back dividends. She has reportedly filed as many as 30 lawsuits attempting to wrest the disputed funds from STDM. At one point, her attorney made headlines when he was publicly assaulted at a Hong Kong McDonalds in August. Stanley Ho denied playing any role in the assault.
A spokesperson for Winnie Ho, from the firm Sideman & Bancroft, is expected to read the critical statement as well as enter more than one display item into the public record at the end of Friday’s special meeting, where Pansy Ho’s suitability as a partner for MGM Mirage’s $1.1 billion MGM Grand Macau project is expected to be approved. Emily Kingston, a spokeswoman for Sideman & Bancroft, said she could not reveal what Winnie Ho’s statement contains until the meeting. She said the statement was made available to gaming commissioners Wednesday. “It’s basically a statement regarding the suitability of MGM Macau,” she said. “We will pass out copies of the material after the meeting.” mward@lvbusinesspress.com | 702-871-6780 x318 |
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