Atlantic City, NJ - Future Plans
Atlantic City is always changing. Properties are being bought, sold and improved, just like in the game of Monopoly.
Revel
Revel Beach is Atlantic City's new luxury $2.4 billion beachfront Casino|Hotel.
It is located at the foot of New Jersey Avenue right on the Boardwalk. This location provides easy access to Atlantic City's famous boardwalk, and outstanding views, and access, to the beach and Atlantic Ocean.
The 47 story Revel provides 1898 luxury rooms and suites with ocean and bay views.
It has
a state of the art casino, two entertainment and performance venues,
fourteen restaurants, two nightclubs, a dayclub, 10 pools, a huge spa and
numerous retail shops.
The resort recently announced that they will open for business in stages, starting April 2, 2012. Most of the resort is expected to be fully operational by Memorial Day. They began taking reservations on March 5th.
Taj Mahal Strip Club
The NJ Div. of Game Enforcement has approved a gentlemens strip club that is planned to be opened in the summer of 2012 at the Trump Taj Mahal Casino Resort. Dancers could strip only to pasties and g-strings. The club will be named "Scores."
The Pier Shops at Caesars was Sold
The Pier at Caesars was sold at auction on October 29th, 2011. The Pier Shops went on the auction block after Taubman Centers Inc., which owned The Pier Shops, defaulted on their $150 million mortgage. The Pier Shops cost $200 million to develop.
A group of lenders, which includes U.S. Bank N.A. was the winning bidder, with a bid of $25 million. The lenders group will continue to operate The Pier Shops until a new buyer is found.
The Pier Shops were not owned or managed by Caesars Entertainment, however the Pier Shops are connected to the Caesars Casino by a walkway that spans the boardwalk.
Hard Rock Casino for Atlantic City
Hard Rock International is planning to build a $275 million casino in Atlantic City. It would be built at the south end of the boardwalk at Albany Avenue, just south of the present Hilton. It would initially have 200 rooms, but could expand to 550 rooms sometime in the future. It would open in the spring of 2014.
The Revel Casino Project is Back on Track
Revel Entertainment has obtained the required financing to complete construction.
To see more about the Revel Casino follow this link: Revel
Trump Marina Will Become a Golden Nugget
Landry's restaurant chain is buying the Trump Marina Hotel Casino for $38 million. Landry's owns and operates the Golden Nugget Casino in Las Vegas. They plan to convert the Trump Marina into the Golden Nugget of Atlantic City. Landry's intends to spend $150 million to convert the Trump Marina into a luxury resort.
To see more about the Golden Nugget Casino follow this link: Golden Nugget
Atlantic City Tourism District
On February 1, 2011 NJ Governor Chris Christie signed a bill to create a state run tourism district in Atlantic City. This bill authorizes the Casino Reinvestment Development Authority to takeover the district, which will include the Boardwalk casino zone, the Marina District, the Walk retail outlets and Bader Field. The bill also provides for the merger of the Atlantic City Covention and Visitors Authority into the Casino Reinvestment Development Authority.
Christy also announced a deal that includes state tax breaks to help get the Revel Casino development back on track. This deal provides for tax rebates, totaling $260 million over for Revel in future years.
Smaller Casinos for Atlantic City
In January 2011, NJ Gov. Christie signed a bill allowing smaller sized casino hotels to be built in Atlantic City. Such casino hotels could have only 200 guest rooms, rather than 500, as previously required. The new law allows 2 such smaller casino hotels to be built.
Hard Rock International has expressed interest in building a $300 million casino on vacant property at Albany Avenue and the Boardwalk.
Expansion of the Walk
The Walk, the Atlantic City outlet mall will be expanded, adding a dozen new stores. The Walk presently has 105 stores. The new stores will be located across the street from the Atlantic City Convention Center.
Westjet Airline Coming to Atlantic City
Canada-based Westjet Airline started seasonal airline service between Atlantic City International Airport and Toronto in the fall of 2009. Seasonal in this case being from October 22nd through May.
Train Service Between New York City and Atlantic City
NJ Transit and Borgata Hotel & Spa, Caesars Atlantic City and Harrah's Atlantic City have joined forces to to provide weekend express train service between New York City and Atlantic City. This train service started on Feb. 6, 2009.
Pinnacle
Atlantic City presently has 11 casinos, if you don't count the Claridge as a separate casino. The Claridge is normally considered part of Bally's.
Before October 18th 2007 there were 12, but the Sands Casino was demolished on that day to make room for a new mega-casino resort. The Las Vegas-based Pinnacle Entertainment Inc. intended to develop on the Sands site, at Indiana and Pacific Avenues, a $1.5 billion mega-casino resort.
Pinnacle Entertainment Inc. recently (02/05/2010) stated that they have scrapped plans for an Atlantic City casino and hope to sell its land.
MGM Grand
Future MGM Grand Casino
MGM Mirage, which co-owns the Borgata with Boyd Gaming, has plans to develop a $5 billion casino resort on 72 acres of land it owns next to the Borgata in the Marina District. This will include a gleaming gambling palace with three towers. It will have 3000 hotel rooms, and a gaming floor with 200 gaming tables and 5000 slot machines. It is intended to be a full scale destination resort.
This project has been suspended due to the credit crunch.
New Revel Casino
Revel Construction
Revel Entertainment Group L.L.C. is building a mega-casino that would include 3800 hotel rooms in two towers, 150,000 square feet of gambling space, and retail shops and restaurants. This project is being financed by Morgan Stanley which purchased a 20-acre site just north of the Showboat Casino.
On January 29th, 2009 Revel announced
that because of the tight credit market they will complete the
the structure and outside of their new casino, but postpone the completion of the interior.
Another casino is planned on 11 acres just south of the Atlantic City Hilton, recently bought by an investment group led by former Caesars Entertainment CEO Wallace R. Bar.
This project has been suspended due to the credit crunch.
Margaritaville Logo
Margaritaville
Coastal Marina, LLC, a New York-based gaming venture, was to acquire the Trump Marina Hotel Casino from Trump Entertainment resorts, Inc. The resort would have been re-branded as a "Margaritaville™” Marina Resort & Casino.
Link to more about Margaritaville
This project was canceled due to the
poor economy.
Since then the Trump Marina was sold to Landry's Restaurants. They are turning into a Golden Nugget.