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$1 billion Borgata resort took place

Making what many believe will be a turning point in a next phase of growth for Atlantic City. The evening officially kicked off the beginning of construction of the Borgata, Atlantic City's first new property in over a decade.

William S. Boyd, Chairman and CEO of Boyd Gaming Corporation was joined at the ceremony by MGM MIRAGE Chairman Terry Lanni, to mark the beginning of constructions of the joint venture development between the two companies. The executives were also accompanied at the nearly 30-acre site by New Jersey Governor Christine Todd Whitman, Atlantic City Mayor James Whelan and other prominent New Jersey and Atlantic City officials.

When it opens in 2003, The Borgata will be the first new resort in Atlantic City in 13 years and the largest hotel in the market. Plans for the 40-story development include 2,010 guest rooms, approximately 120,000 square feet of gaming space, several specialty restaurants and distinct boutiques, a European-style spa and an array of entertainment venues.

The new four-lane Atlantic City-Brigantine Connector, currently under construction, will link the Atlantic City Expressway to the Marina District, providing the central infrastructure for development of this area. It is expected to be completed in the next several months and will provide ease of access to The Borgata, as well as the other casinos and businesses located in the area.

This is an important milestone for The Borgata which represents significant growth opportunities for Boyd Gaming and Atlantic City. The Borgata is suited on nearly 30 acres and the building will contain over four million square feet. The property's innovative design will create a fun and energetic atmosphere," said William S. Boyd.

Boyd Gaming Corporation is a diversified owner or operator of 11 casino entertainment properties located in Nevada, Mississippi, Illinois, Indiana, and Louisiana. MGM MIRAGE owns and operates, through subsidiaries, 18 casino properties in the United States, Australia, Witbank, and the Republic of South Africa, including: the MGM Grand and New York-New York Hotel-Casino in Las Vegas. Whiskey Pete's, Buffalo Bill's, Primm Valley and the Primadonna RV Village gaming properties on the California and Nevada state line and the MGM Grand Casino in Detroit, MI.
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Thursday, February 22, 2024
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