Caesars Atlantic City
February 20, 2008
Caesars Atlantic City is a hotel and casino, located in Atlantic City, New Jersey, USA. Like Caesars Palace in Las Vegas, it has an ancient Roman theme. Atlantic City’s second casino, it opened in 1979 as the Caesars Boardwalk Regency Hotel Casino. It was renamed Caesars Atlantic City in 1983. The 124,720 sq. ft. casino has over 3,400 slot machines, and is one of the largest in Atlantic City. Caesars Atlantic City has three sister properties. (Bally’s Atlantic City, Harrah’s Atlantic City and Showboat Casino Atlantic City)
Borgata
February 20, 2008
Borgata Hotel Casino & Spa is a hotel, casino, and spa in Atlantic City, New Jersey owned by Marina District Development Corporation, LLC. The name means “little village” in Italian. The Borgata was built to bring high rollers back to Atlantic City. At a cost of $1.1 billion, The Borgata is a 43-story hotel with 2,002 guest rooms, 70,000 square feet (7,000 m²) of meeting space, 13 gourmet restaurants, a 50,000 square foot (5,000 m²) spa, and a 161,000 square foot (15,000 m²) gambling floor. With a profit margin of about $600,000 a day on non-gambling revenue, the Borgata’s total daily income is about $2,000,000. The Borgata has also been seen as a catalyst for recent expansions by nearby casinos and reinvigorating the Atlantic City casino industry.
Bally’s Atlantic City
February 12, 2008
Bally’s Atlantic City is a hotel and casino on the Boardwalk in Atlantic City, New Jersey that opened in 1979.
History
Bally’s started life in 1976 when gambling became legalized in Atlantic City. In 1977 Reese Palley bought the Marlborough Blenheim Hotel and planned to preserve the Blenheim half of the hotel, along with adjacent Dennis Hotel. Palley was successful in getting the Blenheim part of the hotel placed on the National Register of Historic Buildings, while planning to raze the Marlborough to make way for a new modern hotel. However, he stepped aside after the Bally’s Manufacturing Corporation purchased a controlling interest in the project.
After Bally’s took control, they announced plans to raze the Marlborough, Blenheim, and the adjacent Dennis Hotel, despite protests, to make way for the new Park Place Casino and Hotel. However, in an effort to offset costs and get the casino opened as fast as they could they choose to keep the Dennis Hotel, which would serve as the hotel for Ballys. As part of the licensing process and investigation into alleged ties to the Mafia, the New Jersey Casino Control Commission stipulated that Bally’s Chairman and CEO William O’Donnell would be required to step down and sell all interest in the company. This was the second time the commission took this action, the first was when Clifford Perlman, Chairman of Caesars World Inc. and his brother were required to resign.
