MGM Resorts International is expecting to return to the Atlantic City casino market after a four year absence within the next two months.
The company said it plans to resume its partnership with Boyd Gaming in the Borgata Hotel Casino & Spa, the city’s most profitable casino.
“Borgata continues to be the market leader,” MGM CEO Dan D’Arrigo said in a recent interview. “We’re pretty excited to be able to regain our seat in the partnership.”
MGM agreed to leave the state in 2010 over questions about its business dealings in Macau. The New Jersey’s Division of Gaming Enforcement recommended that the company end its partnership in Macau with Pansy Ho, whose family has been connected to organized crime there. MGM then put its Borgata interest into a trust and agreed to find a buyer.
However, the company never sold its half of Borgata and last year asked regulators to reconsider its ability to operate in the state.
The DGE now plans to submit a recommendation on MGM Resorts’ status to the state’s Casino Control Commission by the end of the month, according to the DGE. A bearing before the state Casino Control Commission could come in September.
