MGM Grand Atlantic City
|MGM Grand Atlantic City|
|Address||Atlantic City, New Jersey 08401|
|No. of rooms||3,000+|
|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. 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 rollers. The plan also included a theater, spa, convention center and 500,000 sq ft (46,000 m2) of retail space. MGM Resorts still owns the 72-acre tract of land on which the casino was to be built.
- 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.
|This article about a building or structure in New Jersey is a stub. You can help Wikipedia by expanding it.|