MGM Mirage will sell its 50 percent stake in an Atlantic City casino under a proposed agreement with New Jersey regulators.
At issue are regulators' concerns about the alleged organized crime ties of an MGM Mirage business partner in a Chinese casino venture in Macau.
The settlement that Las Vegas-based MGM Mirage announced Friday is subject to approval by the New Jersey Casino Control Commission.
MGM Mirage will stop doing business as a gaming licensee in New Jersey, and sell its 50 percent interest in the Borgata Hotel Casino & Spa.
New Jersey regulators had recommended that MGM Mirage's joint venture partner in Macau be found unsuitable because of its alleged organized crime ties. MGM Mirage disagrees with the gaming division's assessment of its partner in Macau.
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