That makes sense I guess. If you’re going to have a casino on the beach, you might as well make it beach themed. Or even better, “beach house” themed.
In this , Pinnacle Entertainment discussed their plans for their yet unnamed $1.5 to $2.0 billion Atlantic City resort casino that has been on hold since February because of the, yep you guessed it, credit crisis. (more…)
Here is an article about non-gaming hotels being built in Atlantic City. The article talks in some detail about the Chelsea Hotel which Ive mentioned before. (more…)
Here is a great article about the new Borgata Water Club from CasinoConnection.com.
If youve been reading this blog for a while, you’ve probably figured out that Atlantic City is not one of my favorite places. However, I really did love the Borgata that MGM Mirage and Boyd Gaming built a few years ago, and now it looks like they’ve hit another home run with their Water Club, which is a sister hotel to the Borgata.
Usually I like to attach a bunch of pictures and videos of new openings, but the Press of Atlantic City beat me to it, so here it is. But, I cant resist providing at least one video:
From GlobalCasinoBOOM.Com | A lucky couple got to stay at The Water Club at the Borgata. They came away (more…)
From GlobalCasinoBOOM.com | I didnt even realize it, but MGM has been fighting over a 14 acre piece of waterfront land in AC’s Marina area for the past several years. It was MGM’s land, they had agreed to sell it, then maybe backed out of it, were sued, and now have finally (more…)
I try to cover mostly the new, exciting casinos and markets, so I debated on whether or not to include this one. Is an old casino in a declining market new if it gets bought and rebranded. I spent way too much time thinking about this, so figured I’d include it.
Trump, which owns three casinos in Atlantic City, decided to sell its Trump Marina casino to help the parent company try and stay afloat.
Read the full press release
A burst of recent articles on Atlantic City I thought worth mentioning:
Call this Pinnacle part II. Here is the company’s update on the $1.5 to 2.0 billion casino project they hope to build in A.C.:
“Frankly, we’ll see if it even makes sense to go ahead in Atlantic City,” Lee said in a conference call to discuss first-quarter earnings. He said that determination is still a year or two from having to be made. (more…)
By now everyone has seen that the historic (if casinos can be historic) Tropicana has gone bankrupt. Let this be a reminder that not all casinos BOOM. Some actually go BUST.
The Tropicana is still making money, but its problem is that it is unable to service the interest payments on its massive debt load. Dont worry (unless you’re the owner!), the bankruptcy court will help restructure the company’s debt, and the Tropicana will be back to new. Ok, not new. Not even close to new. But at least in working condition.
When casino revenues drop from a soft economy, smoking bans, and new competition, the last thing you want is too much debt. That was the Trop AC’s problem. Its gaming revenue dropped 15% through the first quarter of 2008 (on top of an ugly 2007). (more…)
Whats this? Another hotel without a casino? Just a few days ago I wrote about this happening in Vegas, and now AC. This one is combining two old hotels on the boardwalk to form a new 330 room boutique hotel called The Chelsea. Also, its being done by one of the two guys from the Atlantic Beach Resort and Casino I mentioned a few days ago. (more…)
The Water Club, A Signature Hotel By Borgata, a joint venture between Boyd Gaming and MGM MIRAGE , began accepting hotel reservations today. The $400 million boutique-lifestyle hotel, which will open this June, will feature 800 guestrooms and suites.
“We’re excited to announce this key milestone for The Water Club, bringing this unique hotel experience one step closer for guests,” says Larry Mullin, President and Chief Operating Officer of Borgata Hotel Casino & Spa. “The debut of The Water Club (more…)
The more the merrier. Thats my opinion when it comes to Atlantic City. More hotels, more convention and conference space, more shopping, more restaurants and nightclubs, and more casinos. AC will never be Vegas, but the more it tries the better off it will be.
A casino development group that has been quiet about its plans wants to build a $1.5 billion to $2 billion megaresort highlighted by an array of nongaming attractions and the tallest building in Atlantic City’s bulging skyline. (more…)
Things aint easin in Atlantic City. First the new competition in neighboring states. Then the 75% smoking ban. Then an economic recession. Now this:
Atlantic City backs smoking ban on 100 percent of casino floors
Stuff like this certaintly doesnt help those thinking about build new projects in this town.
There’s been alot of talk in AC over the years, but things move slow. As if Bader Field didnt have enough potential to reshape the city, a new plot of land is being discussed. Here are a few snippets from an article that should be read:
City officials shaping the resort’s new master plan are considering a recommendation to designate a large section of land for casino development, potentially bolstering a Marina District already bulging with plans for more gaming activity. (more…)
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