Mgm Casino Atlantic City Nj
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Mgm Casino Atlantic City Nj Rating: 9,2/10 2580 reviews
| MGM Grand Atlantic City | |
|---|---|
| Address | Atlantic City, New Jersey 08401 |
| Theme | Various Themes |
| No. of rooms | 3,000+ |
| Casino type | Land-Based |
| Owner | MGM Resorts International |
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Borgata strives to present guests with the best hotel and casino experience in Atlantic City, NJ. The Water Club at Borgata offers a unique personality all its own, while just steps away from the entertainment, nightlife, and dining of Borgata Hotel Casino and Spa. The MGM Grand Hotel Atlantic City will be the twelfth addition to MGM's casino hotels and is expected to be the most opulent facility to date. MGM owns 50 percent of The Borgata Hotel Casino Spa in Atlantic City, a venture that's proved to be extremely successful for the group. At one time MGM owned a half interest in Borgata but sold that when AC officials objected to MGM in joint venture with Pansy Ho in Asia. They were given ultimatum to divest one or the other and chose to divest AC. I think closest MGM property is at Tunica where they own the Gold Strike or Biloxi where they own the Beau Rivage.
MGM Grand Atlantic City was a cancelled-planned resort casino by MGM Mirage in Atlantic City, New Jersey. It was to be located on 72 acres (29 ha) of land between the Borgata Hotel Casino & Spa (which MGM owns) and Harrah's Atlantic City.
History[edit]
Announcing the resort in October 2007, MGM Mirage estimated the construction would 'have a budget in the $4.5-$5 billion range', with ground to be broken in 2008 and the hotel to open in 2012.[1] In October 2008, MGM Mirage declared in its third-quarter financial report that development activities for the resort other than design and pre-development had been postponed due to economic conditions of the late-2000s recession and the credit market environment from the financial crisis of 2007–2010.[2] On March 12, 2010, MGM Mirage announced it would stop doing business as a gaming licensee in New Jersey, effectively abandoning the project.[3]
Design[edit]
The project was to include three separate interconnected hotel towers, each aimed at a distinct type of customer, including an all-suites tower for high rollers. The plan also included a theater, spa, convention center and 500,000 sq ft (46,000 m2) of retail space.[4] MGM Resorts still owns the 72-acre tract of land on which the casino was to be built.[5]
References[edit]
- ^MGM MIRAGE Announces Plan for Multi-Billion Dollar Resort Complex on 72 Acre Site in Atlantic City, October 10, 2007.
- ^'MGM MIRAGE Reports Third Quarter Results', October 29, 2008.
- ^'MGM Mirage to sell Atlantic City casino stake', The Associated Press, March 12, 2010.
- ^Rivlin, Gary. 'MGM Plans Casino Resort to Rival Best of Las Vegas', October 11, 2007.
- ^http://www.pressofatlanticcity.com/business/mgm-resorts-still-holding-two-atlantic-city-tracts-to-sell/article_55d616d4-afaa-11e2-b438-0019bb2963f4.html
Coordinates: 39°22′55″N74°25′58″W / 39.382080°N 74.432716°W
Retrieved from 'https://en.wikipedia.org/w/index.php?title=MGM_Grand_Atlantic_City&oldid=934883750'
MGM Grand Atlantic City is patterned after MGM Grand in Las Vegas, which was such a well-known hotel casino on the Las Vegas Strip that it prompted an encore in this East Coast gaming center. Though Las Vegas is the leading gaming destination in the USA, Atlantic City is not far behind. The city exudes excitement and thrills and is a popular place for many visitors looking for things to do out of the ordinary.
Gaming in Atlantic City has slowly been on the decline as of late yet MGM Atlantic City developers are confident that their new multi-billion dollar project will be a smash hit with locals and visitors. In the final construction of the MGM Grand Hotel Atlantic City developers promise an outstanding casino hotel which will total about $5 billion and will be the biggest hotel casino ever built in the city. One of the many resounding reasons the MGM Grand Hotel Atlantic City promises an extraordinary success story is because of the many people who love gaming but just aren't willing or able to shell out the cost of transportation to Las Vegas. The need has been identified and MGM is planning on catering to it.
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The buzz on Atlantic City streets is a number of casino hotels will be renovating for a new take on looks some say are getting tired. The biggest hype is directed at MGM Grand Atlantic City which is expected to be finished in five years. Once MGM Atlantic City is completed it's even expected to outshine Wynn Las Vegas which is the current record holder for the biggest, most expensive and most luxurious project that made its debut in 2005.
Atlantic City Map
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Developers see the decline in Atlantic City gaming as a 'temporary phenomenon' and see ' the long-term growth potential for Atlantic City as very real.' according to a gaming insider. The MGM Grand Hotel Atlantic City will be the twelfth addition to MGM's casino hotels and is expected to be the most opulent facility to date. MGM owns 50 percent of The Borgata Hotel Casino Spa in Atlantic City, a venture that's proved to be extremely successful for the group. MGM Grand Hotel Atlantic City is expected to be highly successful based on many of the principles used inside the Borgata as well as plans for an adopted level of service unsurpassed by any Atlantic City hotel casinos.
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Property details for the MGM Grand Atlantic City include three unmistakable hotel towers, each appealing to a different sector of the market. The first will be designed with a 'more contemporary feel' as explained by MGM Atlantic City spokesman Mr. Absher. The more modern theme will likely attract those with an appreciation for a more avant-garde feel, possibly a younger crowd who enjoy the many nightclubs and events catering to their generation.
The second tower will be created with upper class individuals in mind. The location of the MGM Atlantic City will be perfect for those who love high-class entertainment and those who enjoy the more cultured side of city life such as museums and galleries. The third and last tower will be designed strictly for 'high rollers'. It will contain the most luxurious suites 'for high rollers or those who are willing to pay to be treated like high rollers'.
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Also in the works for the MGM Grand Hotel Atlantic City are a spa, a business convention center, hundreds of thousands of square feet of retails space and a 1,500 seat theater expected to host the most up and coming Atlantic City shows. With competition coming from many angles, such as Harrah's Atlantic City which completed major renovations over the last few years, MGM Grand Hotel Atlantic City will have its work cut out for them. With a boost in modernizing and revamping, many hotels will likely follow suit, but MGM Atlantic City seems to be the most promising aspect in new ventures in Atlantic City over the next few years.