MGM Mirage serious about AC casino

19 Feb 2007

ATLANTIC CITY, New Jersey – As reported by the Press of Atlantic City: "One rival gaming executive thinks the odds are no better than 50-50 that MGM Mirage will build a new casino in Atlantic City.

"Analysts say the Las Vegas-based gaming giant could be discouraged by rising construction costs, extra competition from surrounding states and the effects of Atlantic City's new casino smoking restrictions.

"…MGM, however, says that the critics should quiet down. It wants everyone to know that it is serious about developing a new megaresort on a 70-acre site next to Borgata Hotel Casino & Spa.

"…MGM's announcement Wednesday that it has begun the planning for a new Marina District casino is stirring excitement in town but has also been greeted by a 'we'll believe it when we see it' attitude stemming from the company's false starts in the past.

"…MGM has not estimated the cost of its project. In a preliminary step, the company has set aside $20 million to begin the planning and comply with regulatory requirements needed to build the casino. The company said construction probably would begin in 2009 if it goes ahead with development…"

copyrighted material written for and appeared exclusively in The Press of Atlantic City

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	MGM Mirage serious about AC casino 19 Feb 2007 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> ATLANTIC CITY, New Jersey – As reported by the Press of Atlantic City: "One rival gaming executive thinks the odds are no better than 50-50 that MGM Mirage will build a new casino in Atlantic City. "Analysts say the Las Vegas-based gaming giant could be discouraged by rising construction costs, extra competition from surrounding states and the effects of Atlantic City's new casino smoking restrictions. "…MGM, however, says that the critics should quiet down. It wants everyone to know that it is serious about developing a new megaresort on a 70-acre site next to Borgata Hotel Casino & Spa. "…MGM's announcement Wednesday that it has begun the planning for a new Marina District casino is stirring excitement in town but has also been greeted by a 'we'll believe it when we see it' attitude stemming from the company's false starts in the past. "…MGM has not estimated the cost of its project. In a preliminary step, the company has set aside $20 million to begin the planning and comply with regulatory requirements needed to build the casino. The company said construction probably would begin in 2009 if it goes ahead with development…" copyrighted material written for and appeared exclusively in The Press of Atlantic City

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MGM Mirage serious about AC casino