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MGM Mirage Leaves Atlantic City

MGM Mirage has announced plans to sell its interest in the Borgata - the newest hotel in Atlantic City. It is doing so because New Jersey Gaming regulators have declared the company's Macau partner Pansy Ho an unsuitable person to be working with a licensee. Forced to choose, MGM Mirage will stick with Macau because that's where the company expects the growth will be. We talk with Wall Street Journal Reporter Alexandra Berzon about the decision and why Nevada gave Pansy Ho a pass while New Jersey regulators decided that they had to draw the line.

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Thursday, February 11, 2010

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