The casino operator owns a 14.71-acre parcel of land located adjacent to the Golden Nugget parking garage between Brigantine Boulevard and Huron Avenue.<\/p>\n
\nWe believe there is strong demand in the high-quality primary and second home market, and Boraie is the best possible partner to execute this project,” MGM said in a statement. “While we are very excited about this project and its potential positive impact on the city, at this time we have not yet established the project’s feasibility, and it is subject to extensive regulatory approvals.”<\/p>\n<\/blockquote>\n
The US Army Corps of Engineers and Casino Reinvestment Development Authority (CRDA) must sign off on a zoning change to allow the property to be allocated for residential use.<\/p>\n
The 200-condo community is currently being called the “M Residences.” Atlantic City Council President Marty Small said it will have a “gated community feel,” with each condo privately owned \u2013 not rented. A blueprint from the construction firm shows a pool, parking structure, and retail, dining, and office space.<\/p>\n","protected":false},"excerpt":{"rendered":"
Atlantic City casinos won more than $250.7 million in land-based, online, and sports betting gross gaming revenue (GGR) last month, which is a nearly 17 percent year-over-year gain. The beachfront town’s nine brick-and-mortar casinos reported GGR of $207.58 million from slots and table games, $36.58 million from online play, and $6.54 million in sports betting […]<\/p>\n","protected":false},"author":25,"featured_media":104986,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Atlantic City Casinos Win $250M, MGM Resorts Developing Condos<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n