MGM Grand Atlantic City
| MGM Grand Atlantic City | |
|---|---|
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| File:Mgmgrand-atlanticcity.jpg | |
| Address | Atlantic City, New Jersey 08401 |
| Theme | Various Themes |
| Number of rooms | 3,000+ |
| Casino type | Land-Based |
| Owner | MGM Resorts International |
MGM Grand Atlantic City was a 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 Mirage owns 50%) and Harrah's Atlantic City.
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 killing the project.[3]
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 where the casino was going to be built on.[5]
References
- ↑ MGM MIRAGE Announces Plan for Multi-Billion Dollar Resort Complex on 72 Acre Site in Atlantic City, October 10, 2007.
- ↑ "MGM MIRAGE Reports Third Quarter Results", October 29, 2008.
- ↑ "MGM Mirage to sell Atlantic City casino stake", The Associated Press, March 12, 2010.
- ↑ Rivlin, Gary. "MGM Plans Casino Resort to Rival Best of Las Vegas", October 11, 2007.
- ↑ http://www.pressofatlanticcity.com/business/mgm-resorts-still-holding-two-atlantic-city-tracts-to-sell/article_55d616d4-afaa-11e2-b438-0019bb2963f4.html
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