MGM Resorts asks for more time to sell interests in AC
MGM Resorts international has asked for more time to sell its interests in its Atlantic City Borgata Hotel Casino and Spa.
According to the Press of Atlantic City, MGM made the announcement Friday, after asking the Casino Control Commission to extend its deadline to direct the trustee to sell its interest by 18 months.
The move would give the Las Vegas based company until March 24, 2013 to find a buyer for its half of the Borgata, according to the report.
The Press of Atlantic City reports the original agreement, signed in March 2010, allowed MGM until September to find a new buyer.
The other half of the casino is owned by Boyd Gaming Coporation.
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