Report Confirms MGM Mirage's Ties to Organized Crime (MGM)
Wednesday, March 17, 2010 - 15:56
Written on Wed, 03/17/2010 - 3:56pm
By Chip Brian

3/17/2010-In a previously confidential report released Wednesday, New Jersey state regulators said they found that casino operator MGM Mirage (NYSE:MGM) went astray by partnering with a company for its Macau casino that it knew had links to people connected with organized crime, The Wall Street Journal reported.
"From the beginning of its efforts to enter Macau, MGM pursued partnerships with persons that it knew were associated with those aspects of gaming in Macau most heavily penetrated by organized crime," New Jersey's Division of Gaming Enforcement wrote to the state's Casino Control Commission.
MGM Mirage disclosed the report's existence nearly a year ago, but it had been kept confidential until a hearing Wednesday before the casino commission.

Keywords: mirage organized crime casino Macau

Ticker(s): MGM

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