MGM Mirage that owns 20 casinos in areas such as China, Mississippi and Michigan, continues to see profits fall dramatically. From April through to June the company lost a massive $212.6m and it is feared that the near future only sees matters getting worse.
Not only is the company feeling the affect from the recession, the gambling empire is being reviewed by regulators in New Jersey over its partner Pansy Ho that is located in Macau. For a while there have been suspicions that her father has previously been involved in organised crime but these rumours have never been turned into facts due to lack of proof.
It seems that the industry are quite surprised by the decision to review the current state of the company as in former years the father of Pansy Ho, Stanley Ho, dominated the gaming industry in the Portuguese colony, until Beijing allowed foreign casinos to compete for business.
If the review comes back negative, it will mean that the 50-50 joint venture will come to an end as the Chinese company will be forced to sell their share.

