MGM Resorts may be revisiting its decision to leave New Jersey

May 10, 2011 6:00 AM

MGM Resorts International (MGM) CEO Jim Murren’s carefully worded response to a question about the company maybe revisiting its decision to leave New Jersey seemed to leave a door open.

Murren was asked by a financial analyst during a recent conference call if the company has perhaps changed its mind about last year’s decision to give up its 50 percent ownership of the Borgata in response to regulatory opposition to Pansy Ho as the company’s Macau partner.

Murren said "at this point in time" the company has an agreement in place with the New Jersey Division of Gaming Enforcement and the Casino Control Commission for selling its Atlantic City holdings.

His choice of words had to have some listeners wondering if the company might change its mind a few months down the road as MGM continues to monitor the New Jersey situation and deal with the questions other regulatory bodies want to ask as a result of the New Jersey action.

MGM would not be in any hurry to build in Atlantic City, but removing the need to continually re-explain what happened there would free up a lot of time, energy and money to consider productive pursuits elsewhere.