But the late-2000s recession and the collapse of the gambling market in Atlantic City derailed those plans. MGM had once planned the MGM Grand Atlantic City for the space between the Borgata and nearby Harrah’s.
Our decade-long partnership with Boyd Gaming has been a great one, and Borgata’s talented employee base will complement and strengthen our more than 60,000-member worldwide MGM Resorts team.” “While the market continues to experience challenges, Borgata has outperformed and differentiated itself as the undisputed leader in the city. “Borgata is the premier resort in Atlantic City and a great addition to our growing presence in the Northeast,” MGM Resorts CEO and chairman Jim Murren said in a statement. MGM spun off the real estate investment trust in April it is the majority owner. Following the acquisition of Boyd’s share in Borgata, MGM Growth Properties will acquire the property from MGM Resorts International and lease it back to an MGM subsidiary.
