Angry MGM Tries to Sell Casino in Poor Atlantic City Market


MGM Mirage (MGM) is mad as hell at New Jersey regulators, and it's not going to take it anymore. The casino operator is trying to unload its stake in the Borgata Hotel & Casino, Atlantic City's largest and glitziest gambling mecca, because New Jersey officials believe MGM's partner in Macau, Pansy Ho, is tied to organized crime through her father, Hong Kong billionaire Stanley Ho (pictured), The Wall Street Journal reported. Other states' regulators have cleared MGM to work with Ho, and MGM disputes the claims of New Jersey officials.