For years, New Jersey regulators have raised concerns about the suitability of casino company MGM Mirage's business partner in China. Now, MGM Mirage has an answer: cash out of Atlantic City.
The company plans to divest its 50% stake in the Borgata casino resort, a person with knowledge of the negotiations said this week. Although it has been scouting for buyers it hasn't come to a deal, according to two people with knowledge of the talks.
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