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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Friday, January 29, 2010
Judge to Harrah’s: Turn over records on high roller’s intoxication claims
A Clark County District Court ruled today that Harrah's Entertainment must turn over records to attorneys representing a high roller who allegedly owes $14.7 million in gambling debts.
Terrance Watanabe alleges Harrah’s Entertainment not only kept him drunk but provided him drugs to induce his massive gambling losses.
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Terrance Watanabe alleges Harrah’s Entertainment not only kept him drunk but provided him drugs to induce his massive gambling losses.
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