News & Media
MGM Announces Joint Venture with Boraie
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ATLANTIC CITY — It is a tract of land long targeted for another casino in Atlantic City’s Marina District, back past the Golden Nugget along the bay, looking toward Brigantine.
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Atlantic City Council President Marty Small Sr. announces a tentative deal between MGM Resorts and Boraie Development company to build an upscale housing development on land once planned for a casino.
But now the land’s owner, MGM Resorts International, which also owns the nearby Borgata but has never built a casino of its own in Atlantic City, says it is partnering with Boraie Development LLC to explore a project known as “M Residences.”