MGM Grand Atlantic City
Encyclopedia
MGM Grand Atlantic City was a planned resort casino
by MGM Mirage
in Atlantic City, New Jersey
. It was to be located on 72 acre (29.1 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. 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. On March 12, 2010, MGM Mirage announced it would stop doing business as a gaming licensee in New Jersey, effectively killing the project.
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 roller
s. The plan also included a theater, spa, convention center and 500000 sq ft (46,451.5 m²) of retail space.
Casino
In modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions...
by MGM Mirage
MGM Mirage
Not to be confused with the Las Vegas, Nevada based casino/resort operator Resorts International Holdings.MGM Resorts International is a Paradise, Nevada based corporation that brands itself as a global hospitality company. It is the second largest gaming company in the world by revenue - about...
in Atlantic City, New Jersey
Atlantic City, New Jersey
Atlantic City is a city in Atlantic County, New Jersey, United States, and a nationally renowned resort city for gambling, shopping and fine dining. The city also served as the inspiration for the American version of the board game Monopoly. Atlantic City is located on Absecon Island on the coast...
. It was to be located on 72 acre (29.1 ha) of land between the Borgata Hotel Casino & Spa
Borgata
The Borgata Hotel Casino and Spa is a luxury hotel, casino, and spa in Atlantic City, New Jersey, United States. It is owned by Marina District Development, a joint venture between Boyd Gaming and a divesture trust established by MGM Resorts International...
(which MGM Mirage owns 50%) and Harrah's Atlantic City
Harrah's Atlantic City
Harrah's Resort Atlantic City is a hotel and casino, located in the marina district of Atlantic City, New Jersey, and is Harrah's flagship casino.The casino is one of three in the marina district of the city, along with the Borgata and the Golden Nugget...
.
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. 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. On March 12, 2010, MGM Mirage announced it would stop doing business as a gaming licensee in New Jersey, effectively killing the project.
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 roller
High roller
A high roller, also referred to as a whale in the casino industry, is a gambler who wagers large amounts of money. High rollers often receive lavish "perks" from casinos to lure them onto the gambling floors, such as free private jet transfers, limousine use and use of the casinos' best suites...
s. The plan also included a theater, spa, convention center and 500000 sq ft (46,451.5 m²) of retail space.