Big news in Atlantic City as MGM announced a deal to purchase Boyd's 50% stake in the @Borgata Hotel Casino and Spa. The deal is for $900million as well as 50% of any future tax settlement with the state. Boyd will receive $600 million and then shift a bunch of debt over to MGM/Borgata, which presumably makes up the $300 million difference.
Boyd Gaming sells its 50 percent stake in Borgata to MGM Resorts
Las Vegas Review-Journal…

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