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APNewsBreak: NJ could force sale of half Borgata

APNewsBreak: NJ could force sale of half Borgata

One of the co-owners of Atlantic City's top casino could be forced to sell its 50 percent stake as a result of concerns by New Jersey officials over alleged organized crime ties of its partner in a Chinese casino venture.
The state Attorney General's Office is concerned over ties that MGM Mirage, which owns half of the Borgata Hotel Casino & Spa, has to Pansy Ho, the daughter of Chinese casino magnate Stanley Ho.
He has been accused of ties to Asian organized crime gangs, but never charged, and he denies any crime ties.
MGM says Pansy Ho, a partner in a Macau casino, is a suitable business partner.
Word of the request came Friday in a regulatory filing by the Borgata's other co-owner, Boyd Gaming.