The 10.7-acre site of the former Trump Plaza Hotel & Casino in Atlantic City is once again up for sale, according to a September 16 Crexi listing. No asking price has been disclosed for the Boardwalk property, which originally opened in 1984 at a cost of $210 million. Once part of Donald Trump’s trio of… Read more »
After nearly six years of ownership, the developer behind plans to revitalize the former Atlantic Club Casino Hotel in Atlantic City has divided the site and listed both parcels for sale. The oceanfront property at 3400 Pacific Ave. has remained vacant since the 800-room casino closed in 2014. Colosseo Development, led by Sebastiani, bought the… Read more »
Scannapieco Development Corp. is preparing a $100 million transformation of the Sheraton hotel in Atlantic City, which includes rebranding the property and converting a portion of its guest rooms into residential units. According to CEO Michael Scannapieco, the Philadelphia-based developer plans to convert 250 of the hotel’s 500 rooms into 131 apartments tailored to the… Read more »
The Borgata Hotel Casino & Spa has unveiled a major expansion of its gaming and dining offerings, marking the most significant upgrade to its casino floor in over two decades. The new additions include a high-limit gaming room with a private bar, a dedicated Asian gaming section, and a Pan-Asian restaurant named Noodles. The multimillion-dollar… Read more »
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 »
