Mgm Casino Atlantic City

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.

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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]

Mgm Casino Atlantic City Nj

References[edit]

1. ^MGM MIRAGE Announces Plan for Multi-Billion Dollar Resort Complex on 72 Acre Site in Atlantic City, October 10, 2007.
2. ^'MGM MIRAGE Reports Third Quarter Results', October 29, 2008.
3. ^'MGM Mirage to sell Atlantic City casino stake', The Associated Press, March 12, 2010.
4. ^Rivlin, Gary. 'MGM Plans Casino Resort to Rival Best of Las Vegas', October 11, 2007.
5. ^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

Casino Atlantic City Map