Is Atlantic City going through a renaissance period?

Atlantic City may be at the beginning

stages of a major comeback!

 

 

The future is looking very promising for Atlantic City!

 

 

 

 

 

 

 

 

 

 

 

Casino revenues

 

Atlantic City casinos saw a 22.5% jump in gross operating profits and a 5% increase in revenue last year!  (According to the New Jersey Attorney Gerneral)

 

 

 

 

 

 

 

 

 

 

 

 

Sports betting in New Jersey

 

This past spring the US Supreme Court ruled in New Jersey's favor legalizing sports betting nationwide giving AC the green light to open sports betting here for the first time!  Sports betting will generate more than $173 million in additional tax revenue and see the creation of more than 3600 jobs (according to a study from Oxford Economics).  This is HUGE for Atlantic City.  

 

 

 

 

 

 

 

 

 

The Hard Rock

 

The Hard Rock had their grand opening on June 28th.  The company spent $500 million on renovations to the former Taj Mahal Casino.  The project generated more than 1000 construction jobs and over 3000 permanent jobs!  Check out their awesome entertainment line up for this summer here .... www.hardrockhotelatlanticcity.com

 

 

 

 

 

 

 

 

 

 

 

 

 

Beach at South Inlet

 

This $81 million residential complex will feature 250 apartments and help rejuvenate the city's aging housing stock.  Currently under construction and due to be complete this summer!

 

 

 

 

 

 

 

 

 

 

 

 

Stockton University

 

Stockton has a $220 million 675,000 square foot building currently under construction at the south end of the city that is due to be completed this coming fall.  The property will be the new headquarters for South Jersey Gas and a campus for the university that includes an academic building, housing for more than 500 students and a parking garage.

 

 

 

 

 

 

 

 

 

 

 

 

 

Revel

 

The Revel was sold to Denver based holdings company, Intergrated Properties for $200 million last year.  The new name of the property is "Ocean Resort Casino".  They had their grand opening the same day as the Hard Rock (June 28, 2018). The Ocean Resort Casino will offer FREE parking all summer in 2018!  View their web site here ...  www.theoceanac.com 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Mega Ferris Wheel

 

The Steel Pier recently finished construction and opened the $14 million observation wheel.  This awesome attraction stands 227 feet tall and has 40 temperature controlled gondoals that comfortably hold 6 passengers each!  The wheel is a beautiful addition to the Atlantic City skyline. 

 

 

 

 

 

 

 

 

 

 

 

The Atlantic City Boardwalk Expansion

 

The longest boardwalk in the world just got longer!  The Atlantic City boardwalk expansion project was completed this past spring!  It now extends into the Gardner's Basin section of the city!