Two Way Hard Three | Las Vegas Casino & Design Blog
October 4, 2007
UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
Posted by HunterMy good friend Dave Schwartz over at DieIsCast.com has some new stuff on MGM Mirage's plans for 'City Center East' over in Atlantic City, NJ. From his posting it sounds like maybe things are starting to heat up again on that front.
With all of the expansion of gaming in nearby areas, Atlantic City has pressure like never before.
http://www.dieiscast.com/2007/10/04/city-center-east-announced/
Update: Looks like the project is 'MGM Grand Atlantic City' and will be up to a $5 billion, 3,000 room project on 60 of their 72 acres - http://phx.corporate-ir.net/phoenix.zhtml?c=101502&p=IROL-NewsText&t=Regular&id=1060878&
Rendering: Duh, I totally missed the rendering that was in the press release. Here it is: http://www.ratevegas.com/extras/mgmmirage-ac-render.jpg
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Recent Comments
- All Recent Comments on one page.
- Mark D recently commented "In the latest issue of Gaming Today there's an article about MGM claiming t..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- detroit1051 recently commented "Dave, MGM will still have 12 acres left to expand MGM Grand AC or to build ..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- Dave recently commented "In the stories coming out today, I read that the casino will have 5,000 slo..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- detroit1051 recently commented "The WSJ must read Dave's "Die Is Cast". The October 10 WSJ reports that MG..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- Dave recently commented "Mike--in the past, no--in 1980 the CCC forced the Perlman brothers to sell ..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- Mike T recently commented "I don't want to call the CCC a rubber stamp agency, but at the same time yo..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- Mark D recently commented "The New Jersey Casino Control Commission still hasn't voted yet on Pansy Ho..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- detroit1051 recently commented "Tom, a friend is staying at Bally's to see the implosion. He said he hopes..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- Tom M recently commented "This is a little bit off topic, but I am planning on going to AC to view th..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
- hail2skins recently commented "This is exciting news. I wonder if MGM would also build their project on th..." in UPDATED w/RENDERING: Is MGM Mirage Kicking City Center East Into High Gear
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Comments
This is exciting news. I wonder if MGM would also build their project on the north Strip across from Sahara at the same time that CCE would be built.
I've been to AC a couple of times in the past few months and visited a couple of casinos that I hadn't been to in a while and was pleasantly surprised at the atmosphere. The Taj's casino had been recarpeted and upstairs they had some nice shops and some trendy places to shop and eat. Harrah's looks totally different from when I last visited, with the casino reconfigured and their indoor pool area looking very appealing.
I don't think AC will ever approach the grandiosity and appeal that Vegas has, but for a day or overnight gambling trip, the atmosphere has improved considerably in recent years, I guess as the other casino are trying to keep up with Borgata.
This is a little bit off topic, but I am planning on going to AC to view the Sands implosion which is scheduled for Oct 18th. I will be staying one night at Harrahs, Hopefully I can get good pics of Harrahs new pool area, Borgata fire damage and of course the implosion.
Tom, a friend is staying at Bally's to see the implosion. He said he hopes the Diamond Lounge will be kept open late because it will be the perfect place to view it from.
The New Jersey Casino Control Commission still hasn't voted yet on Pansy Ho's suitability as an MGM/Mirage partner in Macau. But everyone is saying it's only a remote possibility they will vote against it.
http://www.pressofatlanticcity.com/top_three/story/7506786p-7404569c.html
I don't want to call the CCC a rubber stamp agency, but at the same time you have to figure that if the Nevada GCB and Gaming Commission found her suitable, the New Jersey agency will as well, right?
Mike--in the past, no--in 1980 the CCC forced the Perlman brothers to sell their shares in Caesars before giving that company a license, and in 1985 denied Hilton a license. Given the timing of the announcement, though, I'd be surprised if Pansy Ho is found unsuitable.
The WSJ must read Dave's "Die Is Cast". The October 10 WSJ reports that MGM's Board met in Detroit yesterday and approved the $5 Billion AC project. It will be completed in 2012 and will be an MGM Grand property, not a joint venture. With Macau, Detroit and now AC, MGM is really revitalizing the brand.
It will be on 60 of MGM's 72 acres next to Borgata. There should be a formal announcement today.
In the stories coming out today, I read that the casino will have 5,000 slots and 200 tables. That huge--a little more than twice the size of the average Strip casino. I'm not going to crunch the numbers right now, but this seems more in line with the AC proportion of casino space to hotel size than the Strip standard. And I wonder if there is room for expansion on that site? 3000 rooms is huge in today's AC market, but if the market evolves, it might not be enough in 10 years. But I'm sure they've got all that covered.
And a bit off topic, but did anyone read the Oct 5 In Business interview with Jim Murren? Interesting stuff...
Dave, MGM will still have 12 acres left to expand MGM Grand AC or to build a separate resort. Regarding casino size/hotel rooms, MGM Detroit's casino is 100,000 sq ft and has 4,500 slots and 90 tables with only 400 rooms. Detroit is clearly a locals market.
I don't know how I missed the Murren interview. Thanks. He is a very bright guy, imo.
http://inbusinesslasvegas.com/2007/10/05/quanda.html
In the latest issue of Gaming Today there's an article about MGM claiming that some of the New Jersey Division of Gaming Enforcement agents have a conflict of interest and if MGM is not allowed a gaming license over the Pansy Ho issue it's going to blow up into a big nasty legal fight.