Pansy Ho, the daughter of Macau gambling tycoon Stanley Ho, serves on Sotheby's international advisory board .

WSJ: Sotheby's to Launch Hong Kong Gallery

According to documents filed Monday with the U.S. Securities and Exchange Commission, the IPO would be conducted by MGM Resorts International's joint venture with Pansy Ho, a local entity, though the timing and terms have not been determined.

FORBES