The Borgata in Atlantic City has brought top quality Las Vegas style hotel and casino experience to the state of New Jersey. As a result of their entry, a new explosion of casinos is beginning to grace the resort area. Boyd Gaming and MGM/Mirage have a joint venture being built, MGM/Mirage has plans to bring the MGM Grand to Atlantic City near the Borgata, and re-development on the boardwlk is in full swing.
Last night, the Sands Hotel and Casino, Atlantic City was demolished. It took less than 20 seconds for the old Brighton Hotel & Casino to crash into rubble on the ground. The facility was a 21-story, 500 room tower with just over 57k sq. ft. of casino floor, (small by any modern standards), that hosted entertainers like Frank Sinatra (who played his final performance there), as well as Cher, Liza Minelli, Gloria Estefan and many others.
Pinnacle Entertainment took over ownership from Carl Icahan last year and made plans to destroy the complex and rebuild it in a more grand style.
The new casino will be situated on 18 prime acres of seaside real-estate and will include a 2,000 room hotel, 120,000 sq. ft. of casino floor, convention and meeting room, high end retail and a large concert hall. The new casino complex will be built on the boardwalk.
Daniel Lee, chairman of Pinnacle Entertainment, without going into details, promised, “It’ll be a spectacular property, we’re studying the best of the top hotels in Las Vegas and around the world, and there will be some new things that are not done anywhere else.”
Although plans have not been made public, Pinnacle expects to break ground next year for the new casino.
Atlantic City has experienced a drop in revenue due to neighboring states implementing new slots and video gambling and is now trying to re-define itself as the place to go to on the east coast. Top-shelf entertaiment is always available in Atlantic City, now the area is beginning to bring top-shelf facilities to entice the curious and lure the tourist and gambler. Expect more from New Jersey.