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Following a settlement reached earlier this month between the New Jersey Casino Control Commission and MGM Mirage other states are questioning if they too should investigate.
MGM Mirage is a partial owner of Atlantic City’s Borgata Resort with Boyd Gaming and has agreed to sell their 50% stake and surrender its gaming license after New Jersey regulators questioned their suitability.
MGM was asked to sever its relationship with its Macau casino co owner Pansey Ho, because of her father’s alleged ties to organized crime.
As Atlantic City revenue continues to fall the gaming company opted out of the market to pursue operations in the world’s largest and fastest growing gambling region.
Now, the Illinois Gaming Board has decided to launch their own formal investigation into MGM’s suitability to co own the Grand Victoria Casino in Elgin.
The riverboat casino just outside of Chicago is co owned with an affiliate of Hyatt Gaming who owns the other half as well as manages the facilities.
The latest investigation raises the question of whether or not MGM will be able to continue doing business in the United States. While based out of Las Vegas Nevada, they own over fifteen casinos in the US, and are partners in several others.
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