MGM Mirage Sells 50% Stake in Atlantic City Borgata (MGM)
Friday, March 12, 2010 - 12:29
Written on Fri, 03/12/2010 - 12:29pm
By Chip Brian

3/12/2010-In a settlement with New Jersey gambling regulators, MGM Mirage (NYSE:MGM) will sell its 50% stake in the Borgata Hotel Casino & Spa in Atlantic City, as widely expected.
The regulators had raised concerns about the suitability of MGM Mirage's business partner in Macau.
Chairman and CEO Jim Murren reiterated Friday that the casino operator disagrees with the New Jersey regulatory authorities.
MGM Mirage hopes that its plan to sell its Atlantic City interests will convince New Jersey regulators to agree to curtail their regulatory oversight of the company.


Company Information For: MGM

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