The Las Vegas company reached a settlement with the New Jersey Division of Gaming Enforcement to put its stake in the Borgata Hotel Casino & Spa into a trust and sell it within 30 months.
The move is expected to open a bidding war for half of the Borgata, which dominates the nation's second-largest casino market.
New Jersey regulators are concerned about Pansy Ho, MGM Mirage's joint venture partner in Macau. Her father, Stanley Ho, has been accused of ties to Asian organized crime gangs but never charged. He has denied any crime ties.
