MGM Resorts Pays $225,000 Settlement to New Jersey

MGM Resorts Pays $225,000 Settlement to New Jersey

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

MGM Resorts Global is eager to regain a fresh Jersey gaming license for the time that is first 2010, when it attempted to sell its stake into the Borgata and ceased operations in their state.

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

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

Christensen was in fact president of Tracinda, a private investment business set up by Kerkorian, in 1987, in which he had additionally assisted 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 an amount of matters after his resignation from the company’s board and subsequent criminal conviction.

Under New Jersey Gaming law nobody with a criminal conviction may b Continue reading “MGM Resorts Pays $225,000 Settlement to New Jersey”