From the AP:
Mega-casinos will change Atlantic City
ATLANTIC CITY, N.J. – Five years from now, you might not even recognize this place. A burst of new, luxurious mega-casino projects to be built by 2012 will transform the face of Atlantic City into a more futuristic — and crowded — gambling resort.
At least four companies are betting a combined $9 billion that the makeover will help Atlantic City catch up with Las Vegas as a place to come — and stay — for more than just gambling.
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In early November, Revel Entertainment Group unveiled drawings of its new $2 billion casino-resort, to be called simply “Revel.” Due to open in the second half of 2010, at 710 feet, it will be the tallest building in Atlantic City — at least for a while.
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Hot on the heels of “Revel” will be other mega-casinos to be built by Pinnacle Entertainment on the site of the former Sands Hotel Casino, opening in late 2011 or early 2012. The granddaddy of them all, a $5 billion casino resort planned by MGM Mirage in the marina district next to the Borgata, will be the largest project Atlantic City has ever seen when the first dice start tumbling in 2012.
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Saving the biggest for last, “MGM Atlantic City” will wrest the title from Revel as Atlantic City’s tallest building when it opens in 2012. It will have three hotel towers with a combined total of more than 3,000 rooms, the largest casino floor in Atlantic City with 5,000 slot machines, 200 table games and 500,000 square feet of retail space, among other attractions.
In all of this development, will any of these new resorts include timeshare or fractional units?
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