10/20/2010

Leonard Green & Partners is the bidder that offered $250 million for MGM Resorts International's 50% stake in the Borgata, sources say. The buyout firm, founded in 1989, also submitted an unsuccessful bid for the M Resort Spa Casino in Las Vegas. The Borgata Hotel Casino & Spa was the most profitable casino in Atlantic City, N.J., for the first half of the year.

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