Townizen

by Sherri Lilienfeld For information on Atlantic City Properties please visit www.JerseyShoreDreams.com  It was a historic day in Atlantic City, NJ - the first East Coast casino implosion to take place started at 9:30 PM on October 18, 2007 with a wonderful display of fireworks.  Approximately 7 minutes later, the Sands Casino building was gone.  Pinnacle entertainment is building a brand new mega casino/entertainment center at the site.  It is the first major casino project on the boardwalk in 20 [...more]

by Steven Rothberg  Did you know that an IRA can purchase and sell real estate or invest in almost any asset, not only traditional stocks, bonds, mutual funds or CDs? A Self-Directed IRA is a powerful investment tool for individuals who want to unlock the potential of their retirement funds! Real estate is a particularly good investment for an IRA• income and gains increase IRA value on a tax-deferred or even tax-free basis• investors can purchase properties [...more]

By DONALD WITTKOWSKI Staff Writer, The Press of Atlantic City 609-272-7258Published: Wednesday, October 31, 2007 MGM Chairman and Chief Executive Officer Terry Lanni says his company would be ‘very interested’ in Bader Field if local officials open the area to casino development. Gaming giant MGM Mirage Inc., which already plans to build a $5 billion megaresort that would redefine the Atlantic City market, put itself in line Tuesday to develop another major site if the land [...more]

By DEREK HARPER Staff Writer, The Press of Atlantic City (609) 272-7203Published: Monday, November 5, 2007 It may be early, but the signs are unmistakable.  Atlantic City’s business leaders are rushing to find rooms for the growing number of tourists. Cranes towering over the city are assembling hotel additions to the Borgata Hotel Casino & Spa, Harrah’s Atlantic City and Trump Taj Mahal Casino Resort. But for the first time in memory, investors outside the [...more]

By DONALD WITTKOWSKI Staff Writer for the Press of Atlantic City, 609-272-7258Published: Thursday, November 8, 2007 ATLANTIC CITY - Casino developer Revel Entertainment Group flirted with the idea of having a building with a hole in the middle of it.  But, as the company’s chief executive lamented, “Holes are expensive.” Even without the architecturally dazzling hole, the project will be distinctive. And it won’t be cheap to build. Giving the public its first glimpse of [...more]

To see the original on-line publication of this article, click here.  ATLANTIC CITY, N.J. - A burst of new, luxurious mega-casino projects to be built by 2012 will transform the face of Atlantic City into a more futuristic — and crowded — gambling resort. At least four companies are betting a combined $9 billion that the makeover will help Atlantic City catch up with Las Vegas as a place to come — and stay — for more [...more]

by Sherri Lilienfeld, Prudential Fox & Roach Realtors, 609-487-7211 (office), 609-287-1795 (cell), Sherri@NJ-ShoreRealEstate.com With over $9 billion going into new casinos in the Atlantic City area, there will be a shortage in affordable housing that will be required for the estimated 30,000 to 40,000 additional employees. The city will face major problems in traffic (these employees all need to get to work) and finding places for them to live.  If you are an investor, now would be a great [...more]

Atlantic City has received proposals from casino developers that would bring a new face to the Atlantic skyline and the Boardwalk at the foot of Route 40. Mega-casinos are in the works here in Atlantic City. Revel Entertainment Group has begun construction on a $2 billion resort which is scheduled to open its doors in late 2010. The project is being built next to the Showboat Casino Hotel on the north end of the Boardwalk. The Pinnacle [...more]

Margaritaville will be the newest casino to debut in Atlantic City. Actually, the casino is not new to the Marina District.  It’s actually the old Trump Marina Hotel Casino. Trump Entertainment Resorts, Inc. has sold the Trump Marina Hotel Casino to Coastal Marina LLC for $316 million.  The casino will take its name from the famous Jimmy Buffet song, “Margaritaville” and will feature a tropical Florida Keys theme.  Coastal Marina LLC, while retaining full ownership, will be working [...more]

Does a non-gambling hotel in Atlantic City sound ludicrous?  Not when you remember that the city originally started out as a resort destination and continued as such for 100 years before casinos became the norm.  The latest step towards the glamourous resort town of old is the beautiful Chelsea, a boutique-style hotel with retro charm that just opened its doors on July 18th.  The developers of Chelsea say that it is the first nongambling hotel on [...more]