MGM Resorts

June 1, 2016 Comments Off on MGM to Pay $900M for 50% Interest in Borgata Hotel Views: 531 California News, National News, Nevada, New Jersey, Northeast, West

MGM to Pay $900M for 50% Interest in Borgata Hotel

MGM Resorts International has inked an agreement with Boyd Gaming Corp. to acquire the latter’s 50% interest in Borgata Hotel and Casino in Atlantic City, NJ. The transaction will cost the Las Vegas-based buyer $900 million.

The deal, anticipated to close in the third quarter of 2016, will include acquisition of the physical property itself, located at 1 Borgata Way in Atlantic City, NJ.

Read More at PR Newswire

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