Altlantic International Partnership Headlines: MGM gets more time to sell 50 percent ownership in
Borgata casino
By DONALD WITTKOWSKI, Staff Writer |
http://www.
pressofatlanticcity....
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Altlantic International Partnership Headlines: MGM gets more time to sell 50 percent ownership in
Borgata casino
By DONALD WITTKOWSKI, Staff Writer |
http://www.
pressofatlanticcity.
com/communities/atlantic-city_pleasantville_brigantine/mgm-gets-moretime-to-sell-percent-ownership-in-borgata/article_d93e77e8-c1d9-11e0-bfbf-001cc4c03286.
html
Anthony Smedile
Boyd Gaming says it has no interest in purchasing the remaining half of Borgata.
ATLANTIC CITY – MGM Resorts International is getting more time to sell its 50-percent stake in
Borgata Hotel Casino & Spa as part of a settlement with New Jersey gaming regulators to leave the
Atlantic City market.
The state Casino Control Commission voted Monday to extend the sale deadline by 18 months, from
Sept.
24, 2011, to March 24, 2013.
MGM representatives told the commission that the company simply needs more time to sell the casino
amid the weak regional and national economy.
They said New Jersey’s recent regulatory overhaul of the
casino
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