"We are going to be working with our friends at Caesars to find out how we can further move Atlantic City along,” said James Murren, chairman and CEO of MGM Resorts International during a press conference with Christie. "It’s not going to be easy, but we are up for the challenge.”
No details on the project were released, but Christie said formal announcements could come in the next couple weeks.
"It has been great to have a partner like MGM who is looking at properties that we can go develop,” said Mark Frissora, president and CEO for Caesars Entertainment. "We think the future is bright.”
Caesars owns three properties in the resort, including Harrah’s Resort, which is next to Borgata, separated by Renaissance Boulevard and not much else.
"There is more than enough land between the two to put a casino,” said Richard Perniciaro, director of the Center for Regional and Business Research at Atlantic Cape Community College. "There was a plan to put Circus Circus there.” But Perniciaro would not rule out the pair doing something on the Boardwalk.
Christie said the state takeover of the resort has helped attract more business to the city. "When you hear them come up here and talk about new properties to develop and new things to do in Atlantic City both individually and then MGM and Caesars jointly, it’s a huge change to what you heard when I first got into office,” Christie said.
Source: GMB / Press of Atlantic City
