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 »
Ocean Casino Resort doubles down on recent success with a reinvestment of $15 million into the resort, team members, and surrounding North Beach community. “Ocean’s interest in our people, product, and community is a testament to the progressive direction our property is moving toward as we enter into the summer months,” said Terry Glebocki, Chief Executive Officer for Ocean Casino Resort. “As… Read more »
In its first acquisition in New Jersey, the affordable-housing arm of Standard Cos. has purchased and will renovate Baltic Plaza Apartments, a 169-unit senior housing development in Atlantic City, in a $38 million deal. Standard Communities, part of New York City-based Standard Cos., bought 1313 Baltic Ave. in partnership with the U.S. Department of Housing and Urban Development and… Read more »
An entrepreneurial Detroit family that owns the Little Caesars pizza chain as well as a casino in the Motor City plans to acquire up to 50% ownership in the Ocean Casino Resort in Atlantic City, the seaside New Jersey gambling mecca that’s the nation’s second biggest gaming market. Luxor Capital Group, a New York City… Read more »
WCRE is proud to have exclusively represented South Jersey Legal Services in the long-term renewal and expansion of their 6,073 square foot office lease located at 1300 Atlantic Avenue in Atlantic City, New Jersey. South Jersey Legal Services chose to renew and expand at 1300 Atlantic Avenue due to its excellent location within the Atlantic City… Read more »
The congregation gathered early Wednesday at the Ducktown Tavern to deliver last rites for Trump Plaza, the once gilded, later decrepit former casino built by former President Donald Trump. In its final incarnation, 19 seconds of deliberate destruction, Trump Plaza took its place alongside Atlantic City’s most iconic symbols of failure, imploded during an Ash… Read more »
When Mayor Marty Small Sr. gave his first State of the City address last year, he laid out a number of robust plans for the resort. The one that got the loudest applause and a standing ovation, he said, was the eventual demolition of the former Trump Plaza Hotel & Casino, marking the end of… Read more »
Even if it were not the former Trump Plaza, with its pending implosion a tempting symbolic echo of the end of its namesake presidency, people would be interested, Atlantic City Mayor Marty Small Sr. insisted Thursday. But interest has been off the charts, he said, from all over the globe. Officials reluctantly canceled a high-profile… Read more »
