In an address billed as his "unofficial state of the city address" following a state takeover of his city's finances in 2016, Mayor Don Guardian talked about the many setbacks last year and his hopes for the new year.
Boyd Gaming has announced that it has entered into an agreement to sell its 50% equity interest in the parent company of Borgata in Atlantic City to MGM Resorts International for consideration of $900 million and a 50% share of any future property tax settlement benefits received by Borgata.
It's been all over the news lately: Borgata asked a judge Monday to force Atlantic City to pay over $62 million in tax refunds, but the city doesn't have the money. Mayor Don Guardian addressed the issue exclusively on WPG Talk Radio 1450.
While the amount of money won from gamblers at traditional brick-and-mortar casinos was down slightly in November, Atlantic City's casinos had a positive month compared to last November thanks to strong internet gambling numbers.
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