Atlantic City Ready for a Comeback

There was a time when Atlantic City, New Jersey was the gambling destination. But over the past decade, it has given way to a thriving Las Vegas and various other casinos across the United States. However, if the city has its way, Atlantic City will once again be on top by 2012.

INTRODUCING THE REVEL

Recently, it was announced that Revel Entertainment Group would be constructing a $2 billion casino-resort in Atlantic City known as “Revel.” It’s scheduled to open in 2010, and it will become the city’s 12th casino once it does so. Featuring two towers rising 710 feet into the sky, the facility will also have 3,900 rooms to house guests.

PINNACLE ENTERTAINMENT AND THE MIRAGE

MGM Mirage (tentatively called “MGM Atlantic City“). Scheduled to begin operations in 2012, it will be the largest casino in the history of the city and contain 5,000 slot machines, 200 table games and 500,000 square feet of retail space. It will be located in the marina district next to the Borgata.

While no definite plans exist, other companies such as Caesar’s Entertainment are also considering placing new casinos in New Jersey.

MAJOR GROWTH EXPECTED FOR ATLANTIC CITY

This will be the largest amount of new investments to pour into the city since casino gambling started there in 1978.

And the new casinos will join an expanding skyline which includes new hotel towers from The Borgata, Trump Taj Mahal and Harrah’s Atlantic City.

These new investments will also encourage other investors to flock to the city in an effort to cash in, and local businesses may have to invest more simply to keep up.

The future for Atlantic City is looking very bright indeed.

For more gambling news, take a look at these:

Sportsbook Sting Nabs Three

Japan to Legalize Casinos?

Atlantic City Ready for a Comeback