![]() “There are cross-marketing opportunities in the agreement. “They have customers that might at some point may want to spend a weekend in Las Vegas,” said an MGM spokesman. in the lavish Borgata Hotel Casino & Spa in Atlantic City. It is a 50 percent owner along with Boyd Gaming Corp. In the past, MGM has partnered with casino operators to build new resorts and hotels. MGM also agreed to lend $200 million to the tribe’s development company, which is already planning a 600-acre resort and casino in the U.S. The venture could result in a new MGM Grand-branded casino or resort complex in the Northeast – a section of the country where MGM now has little traction. The two casino operators also announced a strategic alliance to develop new resorts and casinos across the country and abroad. MGM would not disclose its financial arrangement with the Mashantucket tribe, but a spokesman said the company is not taking an equity stake in Foxwoods. MGM, which owns nearly half the glitzy hotels on the Vegas Strip, announced a deal yesterday with the Mashantucket Pequot Tribal Nation, owners of hugely successful Foxwoods Resort Casino, to license the MGM Grand name and provide consulting services to Foxwoods’ new $700 million resort and conference center being built in Connecticut. Gambling giant MGM Mirage is marching into Indian territory with a new venture aimed at bringing its Las Vegas-style brand to the East Coast. ![]()
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