Ocean Casino Resort in Atlantic City is investing $50 million this year in a major upgrade that includes refreshed accommodations and new entertainment and dining options. Half of the investment of $25 million will go toward renovating 500 Blu Rooms and Suites; the final phase of a multiyear overhaul of the resort’s 1,860 guest rooms…. Read more »
The New Jersey Division of Gaming Enforcement (DGE) released its quarterly and year-end results on April 7, showing a dip in Atlantic City casino profits for 2024. Casino operators reported $3.3 billion in net revenue—a 0.5% decrease from 2023—and a gross operating profit of $709.1 million, down 9.2% year-over-year. “Despite another record-high gross gaming revenue… Read more »
Famed Philly Restaurateur Stephen Starr Plans Atlantic City Comeback with Two New Restaurants. James Beard Award-winning restaurateur Stephen Starr is returning to Atlantic City’s dining scene with two new concepts set to debut this summer at Ocean Casino Resort. Announced April 3, the partnership will bring Starr’s culinary vision back to the Shore. One of… Read more »
Hilton has signed an agreement to manage a hotel within a former Atlantic City casino, which is set to be transformed into a mixed-use hotel and condominium complex, the project’s developer announced. Colosseo Atlantic City Inc. plans to revitalize the long-vacant Atlantic Club Casino, a boardwalk property that closed in 2014. The redevelopment will convert… Read more »
Stockton University is pausing further development at its Atlantic City campus to refine its vision for the beachfront location. Currently home to two undergraduate residence halls and an academic center serving both undergraduate and graduate students, the campus will shift its focus to graduate programs, President Joe Bertolino told the Business Journal. Stockton, based in… Read more »
Atlantic City’s Orange Loop, an area set for revitalization with non-casino dining and entertainment, will soon welcome a Monopoly-inspired boutique hotel. Slated to begin construction early next year, The Top Hat will rise at 215 S. Tennessee Ave., featuring 1,400 square feet of ground-floor commercial space and boutique hotel-style short-term rentals above. True to its… Read more »
The 95-year-old Madison Hotel in Atlantic City is on the market for $3.5 million. Listed in November, the historic 13-story building at 125 S. Dr. Martin Luther King Blvd. is located near the former Sands Atlantic City casino site and just a block from the beach. Hotel Madison AC LLC acquired the property for $2.5… Read more »
Margate City has emerged as the third hottest luxury real estate market in the U.S., ranking alongside some of the country’s most affluent areas. This Jersey Shore destination made the list of top markets with average home sale prices exceeding $2 million and more than 10 sales in the third quarter. Compiled by The Business… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 6604 Delilah Road, Suite D, Egg Harbor Township, New Jersey 08234. The Egg Harbor Township property is available for sale and for lease. The property holds 1,846 square feet that could be… Read more »
Wolf Commercial Real Estate, the leading commercial real estate and advisory firm in South Jersey has been appointed the exclusive listing agent for 41 South Route 73, Winslow Township, New Jersey 08095. The Winslow property is available for sale. The property holds +/- 11,500 square feet plus +/- 5,500 finished basement situated on 2.11 acres… Read more »
