MGM Agrees To Settlement In Process Of Gaining Re-Entry Into New JerseyCompany To Pay A Six-Figure Sum To Settle Issues |
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MGM Resorts International, along with LA-based Tracinda Corp, have agreed to pay the state of New Jersey a combined $225,000 to settle long-standing issues, the Las Vegas Review-Journal reported.
MGM is eying a formal return to the New Jersey market.
The Review-Journal reported that “the settlement covers a nearly decade-old criminal case involving Los Angeles attorney Terry Christensen, a former MGM board member and a legal confidant to [Kirk] Kerkorian."
The 97-year-old Kerkorian, who is considered a Las Vegas legend, is MGM Resorts’ largest shareholder.
The criminal case centered on, according to the Review-Journal: Christensen and celebrity private investigator Anthony Pellicano were indicted and charged in 2006 with tapping the phone of Kerkorian’s ex-wife. Both were convicted in a criminal trial and sentenced to federal prison for their roles in the wire tapping. MGM was accused of still consulting with Christensen in the years after,
MGM currently has a 50-percent stake in the Borgata.
The firm will appear in front of Garden State regulators next month to seek reinstatement of its coveted gaming license.
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