MGM Resorts Pays $225,000 Settlement to nj

MGM Resorts Pays $225,000 Settlement to nj

Terry Christensen, former board member of MGM Resorts, imprisoned in 2006 for their part in wire-tapping

MGM Resorts Overseas is wanting to regain a New Jersey video gaming license for the time that is first 2010, when it attempted to sell its stake within the Borgata and ceased operations in their state.

It’s been announced this week that the company will pay a $225,000 settlement to New Jersey regulators to resolve a decade-old problem relating towards the shady transactions of its board members.

Since well as serving on the MGM board for nine years, attorney Terry Christensen ended up being a 40-year adviser that is legal personal confidant to billionaire casino mogul Kirk Kerkorian, the business’s major shareholder.

Christensen was president of Tracinda, a personal investment company set up by Kerkorian, in 1987, in which he had also assisted set up MGM Grand Air and MGM Grand Corp.

However, in 2006 he was indicted and charged, with celebrity private investigator Anthony Pellicano, with bugging the phone of Lisa Bonder, Kerkorian’s ex-wife. Christensen received a prison that is three-year while Pellicano got 15 years.

However, the beef with the New Jersey Division of Gaming Enforcement (DGE) appears to be that MGM continued to consult Christensen on a quantity of matters after his resignation from the company’s board and subsequent criminal conviction.

Under New Jersey Gaming legislation no body with a criminal conviction may b Continue reading “MGM Resorts Pays $225,000 Settlement to nj”