A lawsuit brought by Borgata and its parent company, MGM Resorts International, against its Atlantic City competitor Ocean Casino Resort has been settled, according to a statement issued this week from MGM. The legal action revolved around Ocean hiring away Borgata marketing employees and having access to its trade secrets.
Theresa (Terry) Glebocki, CEO of Atlantic City’s Ocean Casino Resort, shown here. Ocean Casino and MGM Resorts-owned Borgata recently settled a lawsuit brought against Ocean. (Image:
Shore Local Newsmagazine)
Borgata filed the court action in federal court last August. On April 24, the two sides “amicably resolved their disputes in a global settlement agreement whose terms will be largely fulfilled within … 120 … days,” according to a court document.