Announcing that it had no plans to begin restructuring its business.

According to a report by Inside Asian Gaming, Hong Kong-based Snow Lake Capital currently holds a 7.5% stake in MGM China Holdings Limited and earlier this week urged its majority shareholder MGM Resorts International to leave up to 20% of its stake to at least one of the Chinese candidates. The alternative investment firm reportedly elaborated that the agreement would help operators behind luxury MGM Cotai and MGM Macao venues secure cash, increase shareholder confidence and increase competitiveness. 온라인카지노

Las Vegas-based MGM Resorts International is responsible for a 55.95% stake in MGM China Holdings Limited, and Snow Lake Capital reportedly explained that divesting a portion of the stake would help the casino giant diversify its offerings to Macau and increase the likelihood that concessions to its former Portuguese enclave would be extended beyond next year's cutoff.

However, Hong Kong-listed MGM China Holdings Limited responded to Snow Lake Capital's request by declaring that it has no intention of making significant changes to its current ownership structure. Sources said the declaration follows similar claims made by MGM Resorts International yesterday that such proposed measures should be in the best interest of shareholders.

"The Company's Board of Directors is aware of an open letter issued by Snow Lake Capital and includes recommendations on the Company's shareholding structure and future developments. The board confirmed that the company has no plans to restructure as of the date of this announcement. The Board of Directors will continue to communicate with the Company's shareholders and operate the Company in the best interests of shareholders and stakeholders to increase shareholder value and the Company's performance."