MGM Resorts Pays $225,000 Settlement to nj

MGM Resorts Pays $225,000 Settlement to nj

Terry Christensen, previous board member of MGM Resorts, imprisoned in 2006 for his role in wire-tapping

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

It offers been announced this week that the business will spend a $225,000 settlement to New Jersey regulators to resolve an issue that is decade-old towards the shady dealings of its board members.

Because 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 company’s major shareholder.

Christensen had been president of Tracinda, a private investment business put up by Kerkorian, in 1987, in which he had additionally helped set up MGM Grand Air and MGM Grand Corp.

However, in 2006 he was indicted and charged, with celebrity investigator that is private Pellicano, with bugging the phone of Lisa Bonder, Kerkorian’s ex-wife. Christensen received a three-year prison term 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 wide range of matters after his resignation from the business’s board and subsequent criminal conviction.

No one with a criminal conviction may be involved in the running of […]