MGM Resorts International completes acquisition of Boyd Gaming's interest in Borgata Hotel Casino & Spa | TravelDailyNews International
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MGM Resorts International completes acquisition of Boyd Gaming's interest in Borgata Hotel Casino & Spa

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MGM Resorts International closed on the previously announced acquisition of Boyd Gaming Corporation's interest in Borgata Hotel Casino & Spa in Atlantic City, New Jersey for approximately $900 million. Cash proceeds paid to Boyd Gaming for its interest were $589 million, after customary working capital adjustments and consideration of Borgata's outstanding debt of $575 million.  A portion of this debt was refinanced and then assumed by MGM Growth Properties LLC in connection with its acquisition of the real property associated with Borgata from MGM Resorts.

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