Excellent news for the resident of Atlantic City! Here’s another proof that the city is booming. Just a few weeks ago Caesars and MGM have announced a possible joined venture. Indeed, the 2 companies met with Chris Christie to share their intention of building a new hotel.
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The new hotel would sit right next to the Borgata Hotel Casino & Spa. The Borgata is already owned by MGM. Built 12 years ago on an area known has the H-Track the Borgata has great access to the motorway and pristine views over the marina. The H-Track originally received the building permit to accommodate 3 and possibly 4 hotels. Which means there are currently 15 acres of building land waiting for a new resort.
Shortly after the news was made public James Murren CEO and Chairman of MGM Resorts International said “Our company owns a tremendous amount of land on Renaissance Point. We’re going to be working with our friends at Caesars to determine how we can further move Atlantic City.”
The joint venture of 2 power houses only proofs that Atlantic City has an immense potential! We think that a new hotel means new jobs and more tourism to the region. The companies have not yet revealed a plan for the new resort. But, we’re certain it will be fantastic and will enhance the city’s landscape.
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