Are Caesars Casino and MGM working on a joint project in Atlantic City?

Are Caesars Casino and MGM working on a joint project in Atlantic City?

Atlantic City H-Tract could be home to a joint Caesars/MGM project according to an announcement made in a press conference with Gov. Chris Christie in Trenton!

Two decades ago, the H-Tract, the marina parcel of land where Borgata Hotel Casino & Spa sits, was expected to be home to at least three, perhaps four casinos.

While only Borgata was built on the property, 15 acres of buildable land are still available, which could potentially be home to a joint project between MGM International, owner of Borgata and Caesars Entertainment Corp.

On Thursday, the announcement was made by two casino companies in a press conference with Gov. Chris Christie in Trenton that they are looking to do a joint project in the resort. Caesars owns three properties in Atlantic City, which includes Harrah’s Resort, next to Borgata, separated by Renaissance Boulevard and a 15-acre parcel of land which once was supposed to be home to a Circus Casino.

No details on the project were released, but Christie said formal announcements could come in the next couple weeks.

“We own a tremendous amount of land on Renaissance Point,” said James Murren, Chairman, and CEO of MGM Resorts International, while not commenting on whether that would be the site of the project. Murren also added - “We are going to be working with our friends at Caesars to find out how we can further move Atlantic City along.”

Since purchasing a controlling stake in Borgata, MGM officials have made it clear they plan to improve more-than-85-acre site that houses the casino.

In the preceding year, MGM bought Boyd Gaming’s stake in Borgata for an amount of $900 million. During a state Casino Control Commission hearing on the sale in the month of July 2016, John McManus, MGM Resorts International executive vice president, and general counsel hinted at a potential development around Borgata.

“I don’t have anything firm,” said McManus during the hearing. “But with all the adjacent property we have in Las Vegas, in the past few years, we have not been building hotel casinos. We’ve been building entertainment venues, food & beverage and retail.”

McManus said one of the Las Vegas projects, called The Park, consists of public art and outdoor spaces.

“It’s an exciting thing. So I think those are the types of things," McManus said. He also mentioned during the hearing they would explore entertainment, retail and meeting spaces.

McManus disclosed, “I don’t want to lead anyone to believe that we’re going to build another casino and connect that, at least in the near term. But we have an awful lot of land. And that was certainly a motivation in targeting the Borgata for acquisition”.

Profile Pic.
About Rich Migliorisi

Long before taking on the role of Managing Editor for BonusSeeker.com in 2018, Rich Migliorisi began his journey with a degree in Film & Broadcasting. Rich began his career as a film editor, but as a lifelong sports fan and an enthusiastic writer, he decided to also pursue a sports writing career in 2013. Rich was nominated by the Fantasy Sports Writers Association (FSWA) for Fantasy Baseball Writer of the Year in 2013 for his editorial work. During this time, Rich simultaneously contributed to various sports publications and video editing projects, while also grinding poker for a living. In 2015, he was hired at MLB Advanced Media as a Senior Site Manager on MLB.com. Rich later joined NHL.com in the same capacity, lending his talent to both operations until joining the team at BonusSeeker. His experience in sports and poker makes for a unique blend of expertise in the world of online casinos and sports betting.

MLB, NHL, The Fantasy Fix, Video Editor, Poker Player

Latest News

The Best Way To Deposit And Withdraw From Online Casinos In Canada

The Best Way To Deposit And Withdraw From Online Casinos In Canada

Recently, we have discussed the legality of online casinos i...

GAMBLING LEGISLATION
NJ Online Casinos Experience Revenue Drop To $45 Million In June

NJ Online Casinos Experience Revenue Drop To $45 Million In June

The summer months are generally the quiet time of year for N...

GAMBLING INDUSTRY UPDATES
A Comparison Between Online Gambling In Canada To The United States

A Comparison Between Online Gambling In Canada To The United States

The legality of online gambling in both Canada and the Unite...

GAMBLING LEGISLATION

Featured In

Business Insider
MarketWatch
Reuters
Yahoo! Finance
This web page is purely for entertainment purposes only, and may contain paid advertisements for online casinos, poker sites, and sportsbooks (including DraftKings, FanDuel, and others.) When you play online or in person at casinos, you are always at risk to lose the money that you are wagering, and Bonus Seeker makes no claim or guarantee that you will win money. When gambling at a casino, only risk what you can comfortably afford to lose. You must be 21 years or older, and a US citizen to register at online casinos in New Jersey and other states in the US. Whilst we try to ensure that this information is correct, we do not warrant its accuracy or completeness. The information provided does not constitute advice and is intended only to provide general information. Bonus Seeker and its partners will not be responsible for any errors or omissions and we will not have any liability or responsibility for any loss that arises from any reliance placed on information obtained from this article including, but not limited to, the comments submitted by third parties. If you should require any advice for gambling-related problems, please CALL 1-800-GAMBLER.

© Copyright 2019 - All Rights Reserved. Privacy Policy - XML Sitemap