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MGM Grand Atlantic City

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MGM Grand Atlantic City
File:Mgmgrand-atlanticcity.jpg
Address Atlantic City, New Jersey 08401
Opening date2012(cancelled)
ThemeVarious Themes
No. of rooms3,000+
Casino typeLand-Based
OwnerMGM Resorts International

MGM Grand Atlantic City was a cancelled-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 owns) and Harrah's Atlantic City.

History[edit]

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 abandoning the project.[3]

Design[edit]

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 on which the casino was to be built.[5]

References[edit]

  1. MGM MIRAGE Announces Plan for Multi-Billion Dollar Resort Complex on 72 Acre Site in Atlantic City, October 10, 2007.
  2. "MGM MIRAGE Reports Third Quarter Results", October 29, 2008.
  3. "MGM Mirage to sell Atlantic City casino stake", The Associated Press, March 12, 2010.
  4. Rivlin, Gary. "MGM Plans Casino Resort to Rival Best of Las Vegas", October 11, 2007.
  5. "MGM Resorts still holding two Atlantic City tracts to sell or build".

Coordinates: 39°22′55″N 74°25′58″W / 39.382080°N 74.432716°W / 39.382080; -74.432716

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