Atlantic City is always changing. Properties are being bought, sold and improved, just like in the game of Monopoly.
Posted Nov. 9, 2013
The Atlantic Club, which has been operating Chapter 11, is seeking bids for a Dec. 2013 sale.
The Miss America Pageant is returning to Atlantic City. The Miss America Pageant,is coming home. The pageant will be back in Atlantic City, where it started 93 years ago and where it was held until 2006, when organizers moved to Las Vegas, Nevada.
In 2013, the Pageant will be held at Boardwalk Hall, from September 10th to 15th.
Bass Pro Shops, America's most popular outdoor store, has reached agreement to be a part of The Cordish Companies Phase IV development of The Walk in Atlantic City. The new Bass Pro Shops 70,000 square-foot super store will be located on the block between Mississippi and Missouri avenues and from Atlantic and Artic avenues, just behind the Trump Plaza casino.
Present plans call for beginning construction of the Atlantic City Bass Pro Shop Store in October of 2013.
Resorts plans to add a Margaritaville theme to its Atlantic City casino.
In 2012, Resorts Casino Hotel started making plans to build a Jimmy Buffett Margaritaville Landshark Bar and Grill in the footprint of the former Steeplechase Pier.
Proposed Margaritavile Landshark Bar and Grill
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 Revel resort is now open.
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 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 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.
Revel Entertainment has obtained the required financing to complete construction.
To see more about the Revel Casino follow this link: Revel
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
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.
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.
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.
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.
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.
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.
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.
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.
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
Since then the Trump Marina was sold to Landry's Restaurants. They are turning it into a Golden Nugget.