Terry Christensen, previous board member of MGM Resorts, imprisoned in 2006 for their part in wire-tapping
MGM Resorts Overseas is wanting to regain a fresh Jersey gaming license for the first time since 2010, when it attempted to sell its stake in the Borgata and ceased operations in the state.
This has been announced this week that the organization will pay a $225,000 settlement to New Jersey regulators to resolve a decade-old issue relating towards the shady transactions of its board members.
As well as serving on the MGM board for nine years, attorney Terry Christensen had been a 40-year adviser that is legal personal confidant to billionaire casino mogul Kirk Kerkorian, the business’s major shareholder.
Christensen was president of Tracinda, an investment that is private set up by Kerkorian, in 1987, and he had also 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 nj-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 conviction that is criminal.
No one with a criminal conviction may be involved in the running of a casino