Breaks Ground In Atlantic
for the $1 billion Borgata resort took place September 21, making
what many believe will be a turning point in a next phase of growth
for Atlantic City. The evening officially kicked off the beginning
of construction of the Borgata, Atlantic City's first new property
in over a decade.
S. Boyd, Chairman and CEO of Boyd Gaming Corporation was joined
at the ceremony by MGM MIRAGE Chairman Terry Lanni, to mark the
beginning of constructions of the joint venture development between
the two companies. The executives were also accompanied at the nearly
30-acre site by New Jersey Governor Christine Todd Whitman, Atlantic
City Mayor James Whelan and other prominent New Jersey and Atlantic
it opens in 2003, The Borgata will be the first new resort in Atlantic
City in 13 years and the largest hotel in the market. Plans for
the 40-story development include 2,010 guest rooms, approximately
120,000 square feet of gaming space, several specialty restaurants
and distinct boutiques, a European-style spa and an array of entertainment
new four-lane Atlantic City-Brigantine Connector, currently under
construction, will link the Atlantic City Expressway to the Marina
District, providing the central infrastructure for development of
this area. It is expected to be completed in the next several months
and will provide ease of access to The Borgata, as well as the other
casinos and businesses located in the area.
Borgata is a $1 billion joint venture between Boyd Gaming Corporation
and MGM MIRAGE.
"This is an important milestone for The Borgata which represents
significant growth opportunities for Boyd Gaming and Atlantic City.
The Borgata is suited on nearly 30 acres and the building will contain
over four million square feet. The property's innovative design
will create a fun and energetic atmosphere," said William S. Boyd.
Gaming Corporation is a diversified owner or operator of 11 casino
entertainment properties located in Nevada, Mississippi, Illinois,
Indiana, and Louisiana. MGM MIRAGE owns and operates, through subsidiaries,
18 casino properties in the United States, Australia, Witbank, and
the Republic of South Africa, including:
the MGM Grand and New
York-New York Hotel-Casino in
Las Vegas. Whiskey
Valley and the Primadonna RV Village gaming properties
on the California and Nevada state line and the MGM
Grand Casino in Detroit, MI.
Casino Set to
Open In October
Casino, Inc. reported September 14 that its project in Caledon,
South Africa is scheduled to open second week of October.
$16 million Caledon Casino, Hotel & Spa will be the first
legal casino to open in the Western Cape Province of South
Africa - a region with a population of well over four million.
complex will consist of six integrated components, including
a full-service casino of 14 tables and 250 slot machines,
a refurbished hotel of 92 rooms including six luxury suites,
and a fully equipped health spa.
Casino, an international company, operates more than 100
casinos in 25 different countries, including Womacks
Casino in Cripple Creek, Colorado and the Millennium
Casino in Prague, Czech Republic.
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