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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.
- ◦Sale/Acquisition
