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Borgata drops the Ocean Casino Trade Secrets Proceedings

Borgata drops the Ocean Casino Trade Secrets Proceedings

The top casino in Atlantic City has dropped a complaint against an opponent that he accuses key managers of poaching and trying to snatch important trade secrets.

In a statement issued Friday online gambling Singapore, MGM Resorts International owned the Borgata said it had abandoned its dispute against the Ocean Casino Resort in Atlantic City after an agreement between the two parties. There was no clarity from a court filing about the terms of the arrangement other than “friendly” agreement.

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Ocean denied any misconduct.

But in a statement MGM Resorts said: “Ocean has promised to honour Borgata’s restrictive agreements, including its non-competitors best online casino Singapore, non-requests and provisions for secrecy to preserve the commercial secrets of Borgata.” Ocean will only conclude that it’s happy the matter was solved.

The Borgata, owned by MGM Resorts, accused its opponent Ocean of hiring half a dozen of its top marketing executives in a complaint brought last August in an effort to “crash” him with confidential information about his biggest and most lucrative clients. 

One of the executives said that he brought with him from Borgata to Ocean with priceless information about the top customers of Borgata — including their personal cell phone numbers, their preferences for gaming, their loves and dislikes, including favourite foods and drinks, how much the casino should be prepared to reduce the large damages for them and instances.

Mobiles came back to Borgata.

One of the ex Borgata managers was in charge of the lawsuit, and is the casino’s largest number of clients. Collectively, Borgata, which will use its private jet to float it at events and from and to casino, was worth at least 25 million dollars a year.

Borgata is now the industry leader with nine casinos. However, the complaint describes Ocean as “indoubtedly the immediate and main rival of the Borgata’s attractive Casino Customers in Atlantic City.”

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Ocean is the old Revel casino that ended in 2014 after just two years of activity and never made a profit. However, after the casino opened in 2018 again with the Ocean brand and currently owned by the New York Hedge Fund, Luxor Capital, its position on the Atlantic City market has changed. In terms of overall sales, it ranked fifth among the nine casinos, while Borgata still has almost three occasions in which Ocean operates.

Issue was settled.

The Borgata, owned by MGM Resorts, accused its opponent Ocean of hiring half a dozen of its top marketing executives in a complaint brought last August in an effort to “crash” him with confidential information about his biggest and most lucrative clients.

One of the cell phone managers said they had brought with them from Borgata to Ocean, containing unpredictable information on the top of Borgata’s consumers — including their personal cell phone numbers, their preferences for gambling, their likings, and their dislikes, including favourite food or drink.

The Borgata came back.

One of Borgata’s former managers was responsible for the litigation over the top clients of the casino: those who paid from $1.5 million to $4 millions per visit. Collectively, Borgata, which will use its private jet to float it at events and from and to casino, was worth at least 25 million dollars a year.

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