MGM Resorts Buys Borgata Stake From Boyd Gaming for $900 Million

  • Gains full ownership of Atlantic City’s top-performing casino
  • Related REIT will own property and lease back to MGM Resorts

MGM Resorts International, the largest casino operator on the Las Vegas Strip, agreed to buy Boyd Gaming Corp.’s 50 percent stake in Atlantic City’s Borgata hotel and casino for $900 million.

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