A new full-service supermarket is coming to Atlantic City — its first in more than 15 years — under a public-private effort that will help eliminate one of New Jersey’s food deserts. A contingent of top state officials gathered Thursday to break ground at the corner of Baltic and Indiana avenues, where plans call for… Read more »
New Jersey gaming regulators approved the bid for a Detroit-based hedge fund to acquire half ownership of Ocean Casino Resort for $175 million. Holding company Ilitch organization will own 50% while Ocean’s current owners, New York hedge fund Luxury Capital Group, will retain the remaining half. The plans were approved following two days of meetings… Read more »
A Nobu Hotel and restaurant, part of a company actor Robert De Niro has a stake in, are now slated to open within Caesars Entertainment hospitality properties in New Orleans and Atlantic City, New Jersey. Nobu Hospitality — founded by De Niro, chef Nobu Matsuhisa and movie producer Meir Teper — this week announced its… Read more »
Los Angeles-based Standard Communities is expanding its footprint in New Jersey with its acquisition of a second affordable housing complex in Atlantic City. Standard, making its second purchase in the gambling mecca since April, has bought New York Avenue Apartments, a 151-unit affordable senior housing property at 233 N New York Ave., as part of a public-private… Read more »
Atlantic City expects to celebrate the start of construction for two nongambling projects later this year, a $100 million indoor water park and a grocery store, while the state of New Jersey just named a special adviser to shepherd the diversification of the struggling seaside town’s economy. Expanding Atlantic City’s economy, attracting new kinds of… Read more »
Now that New Jersey has legalized marijuana use and possession for adults 21 years and older, South Jersey municipalities have begun adopting their own rules to address use and sale. And while, many towns are opting to ban it, some are now opening the door to the industry based on the promise of job creation… Read more »
Stockton University is one step closer to launching its new Esports Innovation Center that the institution hopes will help put Atlantic City on the map as a hub for the growing esports gaming industry. The New Jersey Economic Development Authority and Stockton University on Tuesday signed a memorandum of understanding that greenlights the agency to… Read more »
ATLANTIC CITY, N.J. (AP) — New Jersey lawmakers passed a bill Monday that would extend the state takeover of most of Atlantic City’s major decision-making powers for another four years. If the bill is signed into law by Democratic Gov. Phil Murphy, the state will have been in charge of the seaside gambling resort’s major… Read more »
The owner of Atlantic City’s Showboat property has unveiled plans for an expansion that will create New Jersey’s largest arcade, a sports bar, and other offerings at the former casino. Bart Blatstein, CEO of Philadelphia-based Tower Investments Inc., is eyeing a May 15 opening for what he calls Lucky Snake at Showboat. Along with the… Read more »
Caesars Entertainment Inc. on April 20 released details about its $400 million master plan investment in Atlantic City, where it owns and operates three of the region’s casino destinations–Caesars, Harrah’s Resort and Tropicana Atlantic City. The plans include remodeled room towers, freshly appointed interior design elements; enhancements to the casinos’ gaming floors, new dining concepts… Read more »
