Atlantic City Casinos News
What’s the latest news from Atlantic City casinos?
The following are some of the latest headlines from Atlantic City casinos:
- Hard Rock Atlantic City to open in summer 2023
The Hard Rock Atlantic City is scheduled to open its doors in summer 2023. The casino will be located on the former site of the Trump Taj Mahal, which closed in 2016. The Hard Rock Atlantic City will feature a casino, hotel, and a number of restaurants and bars.
- Caesars Entertainment to invest $400 million in Atlantic City casinos
Caesars Entertainment announced plans to invest $400 million in its Atlantic City casinos. The investment will be used to upgrade the casinos’ facilities and amenities. Caesars Entertainment also plans to open a new casino in Atlantic City in the next few years.
- MGM Resorts to sell Borgata casino
MGM Resorts announced plans to sell its Borgata casino in Atlantic City. The sale is expected to close in early 2023. MGM Resorts has owned the Borgata since 2010.
- Ocean Resort Casino to undergo major renovation
The Ocean Resort Casino is undergoing a major renovation. The renovation is expected to be completed in early 2023. The renovation will include the addition of a new casino floor, a new hotel tower, and a number of new restaurants and bars.
What are the biggest challenges facing Atlantic City casinos?
Atlantic City casinos are facing a number of challenges, including:
- Increased competition from casinos in other states
Atlantic City casinos are facing increased competition from casinos in other states, such as Pennsylvania, New York, and Massachusetts. These casinos offer more gaming options and better amenities than Atlantic City casinos.
- A declining tourism market
Atlantic City’s tourism market has been declining for a number of years. This is due to a number of factors, including the economic recession, the rise of online gambling, and the increasing popularity of other destinations.
- High taxes and fees
Atlantic City casinos are subject to high taxes and fees. These taxes and fees make it difficult for casinos to compete with casinos in other states.
What are the future prospects for Atlantic City casinos?
The future prospects for Atlantic City casinos are uncertain. However, there are a number of factors that could help the casinos to recover, including:
- The opening of new casinos
The opening of new casinos, such as the Hard Rock Atlantic City, could help to attract new visitors to Atlantic City.
- The development of new tourism attractions
The development of new tourism attractions, such as the Atlantic City Boardwalk Hall expansion, could help to attract new visitors to Atlantic City.
- The growth of online gambling
The growth of online gambling could help to offset the decline in the tourism market.
Overall, the future prospects for Atlantic City casinos are uncertain. However, there are a number of factors that could help the casinos to recover.
Sources
- Hard Rock Atlantic City to open in summer 2023
- Caesars Entertainment to invest $400 million in Atlantic City casinos
- MGM Resorts to sell Borgata casino
- Ocean Resort Casino to undergo major renovation
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