Saturday, October 16, 2010

MGM's half of Borgata could sell at a loss

ATLANTIC CITY — MGM Resorts International’s proposed sale of its half-ownership in Borgata Hotel Casino & Spa shows that even Atlantic City’s dominant gaming hall is not immune to the real estate meltdown.
The Las Vegas gaming giant announced Tuesday it has received a $250 million offer for its share in Borgata, but it did not disclose the name of the would-be buyer.

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