MGM sells dirt under Atlantic City Borgata casino for $73M

Peter Amsel
July 28, 2010
No Comments

MGM-Resorts-Borgata-Land-SaleMGM Resorts International have let another finger slip off their grip on Atlantic City, having just sold the 11 acres of land under the Borgata casino to Vornado Realty Trust and Geyser Holdings for $73 million. The move comes as part of MGM’s disengagement from AC following New Jersey regulators’ declaration that Pansy Ho, MGM’s joint venture partner in Macau, was ‘unsuitable’ for any connection to the Jersey shore. Oh, sure… Pansy’s unsuitable, but Snooki is a homegrown heroine? Read more.

If you have any further information related to this story that you would like to share with us privately please click here.

Can't get enough CalvinAyre.com? Follow us on Twitter and Facebook, then you'll never miss out on the latest gaming industry news.

Share
Tags: Article, Atlantic City, borgata, MGM Resorts
Views and opinions expressed are those of the Author and do not necessarily reflect those of CalvinAyre.com