MGM Resorts International Expands Borgata Casino
MGM Resorts International has unveiled plans for a significant expansion of its Borgata Hotel Casino & Spa in Atlantic City, New Jersey, with a projected investment of $400 million. This development aims to introduce a new tower, enhanced gaming floors, and upgraded entertainment facilities by the end of 2025.
Details of the Expansion Plan
The new project will feature the addition of a 200-room hotel tower, which includes several luxury suites designed for high rollers and VIP guests. Furthermore, the casino floor will be expanded to include 500 additional slot machines and 25 more table games. An innovative entertainment venue with a seating capacity of 2,500 is also planned, which aims to host concerts, sports events, and other entertainment activities.
Expected Boost to Local Economy and Employment
MGM Resorts anticipates that the expansion will create over 1,000 jobs during the construction phase and an additional 500 permanent positions once the new facilities are operational. This move is expected to significantly boost the local economy by increasing tourism and providing more employment opportunities in Atlantic City.
Impact on Atlantic City’s Gaming and Tourism Sector
The expansion plan by MGM Resorts is part of a broader trend of rejuvenating Atlantic City’s casino and tourism industries, which have faced challenges in past years due to regional competition and economic fluctuation.
Industry Expert Opinions
According to Jane Thompson, a casino industry analyst, “MGM Resorts’ expansion of Borgata represents a significant confidence in the long-term viability of Atlantic City’s market. This could potentially catalyze further industrial investments in the area.”
Competitive Landscape
The expansion places Borgata in a strong position to compete not only locally but also on a national level, particularly against newer casino locations in neighboring states like Pennsylvania and Maryland.
Technological Enhancements and Sustainability Focus
As part of the expansion, MGM Resorts International is also emphasizing technological upgrades and sustainable practices.
Incorporating Cutting-edge Technology
The new gaming and entertainment facilities will feature state-of-the-art technology, including advanced security systems and digital game interfaces that aim to enhance the customer experience while ensuring a high level of security.
Commitment to Environmental Sustainability
MGM Resorts has announced that the expansion will adhere to the highest standards of environmental sustainability, incorporating energy-efficient technologies and sustainable building practices. This includes the use of recycled materials and systems designed to reduce the overall carbon footprint of the facilities.
Community and Cultural Contributions
The expansion project will also include a new cultural center, which aims to showcase local art and host community events.
Supporting Local Culture and Community
“As part of our commitment to the Atlantic City community, we are proud to integrate cultural and social spaces that celebrate local heritage and foster community spirit,” stated Maria Sanchez, Vice President of Community Relations at MGM Borgata.
Projected Completion and Opening
Construction is set to begin in early 2025, with the aim of completing the expansion by late 2026. Upon completion, the new facilities are expected to significantly enhance the appeal of Borgata Casino and attract more visitors to Atlantic City.
Key Takeaways
– MGM Resorts International is expanding Borgata Hotel Casino & Spa in Atlantic City with a $400 million investment.
– The expansion includes a new hotel tower, additional gaming areas, an entertainment venue, and a cultural center.
– This project is expected to boost local employment and contribute positively to the local economy.
– Technological upgrades and a focus on sustainability are key components of the expansion plan.
FAQs
What new facilities will be included in the Borgata expansion?
The expansion will include a new hotel tower, additional casino space, a large entertainment venue, and a cultural center.
How will the expansion impact local employment?
It is expected to create 1,000 construction jobs and 500 permanent positions at the new facilities.
What are the sustainability initiatives involved in the expansion?
The project will incorporate energy-efficient technologies and sustainable building practices to minimize environmental impact.
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