![]() ![]() The transaction is expected to be completed sometime in the third quarter of the year. In addition, the operator will be paid half of any tax settlement reached between Borgata’s new owner and Atlantic City. Boyd Gaming will receive the amount of $900 million in exchange for giving up its 50% stake. The two companies have been partnering in running Atlantic City’s most profitable casino since shortly after it opened doors back in 2003.Ĭasino commissioners voted 3-0 to approve certain lease agreements as those are needed for the acquisition deal to be completed and MGM Resorts to be given full control over the hotel and casino complex. The New Jersey Casino Control Commission approved on Wednesday MGM Resorts International’s purchase of a 50% stake in Borgata Hotel Casino & Spa from fellow gambling operator Boyd Gaming. ![]()
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