of Atlantic City/ - ATLANTIC CITY, NJ - It's been a landmark
year in casino development in Atlantic City, as one casino
opened a hotel expansion, two others topped off hotel
construction projects and two others broke ground on hotel
expansions. And this is just the beginning.
the coming year, Showboat
Casino & Hotel will open its new hotel tower,
Casino Hotel and Tropicana
Casino and Resort will top off new hotel towers, Caesars
Atlantic City will begin building a Monopoly-themed
retail pier and the Walk, a non-casino (but half casino-funded)
retail center in Midtown, will open. The billion-dollar
Borgata Hotel, Casino & Spa will also open.
following year, in 2004, the Caesars
Altantic City, Resorts
expansions will be completed.
this three-year construction wave is over, casinos will
have spent $1.8 billion on major projects. Following is
the status of major expansion projects under way or planned:
Aztar's flagship Tropicana
is building a $225 million hotel and retail expansion
scheduled to open by March 1, 2004.
have enclosed Borgata's 43-story hotel tower and are working
on interior finishes. Hotel rooms through the 10th floor
have been furnished. Landscaping work has begun. The $1
billion project, the city's first new casino hotel in
13 years, is scheduled to open summer 2003. Colony
Capital Workers are completing the foundation for Resorts'
$115-million, 28-story hotel, tower scheduled in May 2004.
Atlantic City is completing the last major element
of a $200 million expansion, a new gaming area for 450
slots scheduled to open this weekend.