New Jersey regulators approve Borgata deal

• Regulars in New Jersey approved the purchase by MGM Resorts (MGM +0.9%) of Boyd Gaming's (BYD +0.8%) 50% stake in Borgata Hotel Casino & Spa.
• MGM will take full control of Borgata's operation after the sale closes in Q3.
• The Borgata is the most lucrative property in Atlantic City.