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MGM Bets On New Atlantic City Casino

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First Posted: 10-10-07 12:02 PM   |   Updated: 03-28-08 02:45 AM

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Read More: Atlantic City, Gambling, Mega-Casino, MGM Grand, MGM Mirage, Business News
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AP:

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.

Read the whole story: AP

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