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MGM Plans New Atlantic City Casino
Wednesday, October 10, 2007 at 10:53:57 AM
MGM Mirage Inc. announced Wednesday that it plans to build a mega-casino resort worth up to $5 billion that will dwarf anything Atlantic City has seen before.
The move is part of an ongoing gamble by casino operators to polish Atlantic City's image and attract upscale customers who want to do more than just gamble.
The project, which will be called MGM Grand Atlantic City, will cost between $4.5 billion and $5 billion, not including the land value and associated costs, the company said in a statement.
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