MGM Can Regain Borgata Stake, NJ Regulator Says

Law360, New York (February 13, 2013, 7:23 PM EST) -- MGM Resorts International is set to re-enter the New Jersey casino market after a regulatory commission on Wednesday approved a petition that will allow the company to reacquire a 50 percent stake in the Borgata Hotel it sold nearly three years ago at the request of regulators.

At its meeting on Wednesday, the New Jersey Casino Control Commission approved MGM’s petition to amend a stipulation of a settlement reached with New Jersey’s Division of Gaming Enforcement in March 2010, after a DGE report uncovered concerns of...
To view the full article, register now.