Sports Betting: Will Atlantic City Become the Next Vegas?

Writing by Igor Ivanov on Monday, 18 of February , 2008 at 6:54 pm

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Atlantic City is not sitting idly by as the nation goes through this gambling boom. The state of New Jersey has approved legislation that would ask New Jersey voters to back a referendum to allow betting on professional sports in Atlantic City casinos. If this ban is successfully lifted, it could attract enough new action to the resort to change the direction the city will be taking in the future.

This comes on the heels of the MGM Mirage announcing plans for a $5B resort with over 3,000 rooms called CityCenter East. Other Vegas-like expansions include:

• Revel Entertainment is proposing an oceanfront resort with two hotel towers of 1,900 rooms each.
• Pinnacle Gaming will be building on the old Sands Atlantic City site.

“The future of Atlantic City is its evolution into a Las Vegas-style multi-entertainment destination resort,” said Harvey Perkins, an analyst with Spectrum Gaming Group.

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Category: casino, Online Gambling News

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