Caesars Entertainment Inc. is set to invest millions of dollars in its three Atlantic City properties in an effort to develop the city’s status as a Las Vegas-style destination and revitalize the city’s boardwalk.
According to Wednesday’s news, the $ 400 million investment will be phased in over the next three years and will go towards remodeling room towers, fresh interior designs, gaming floor enhancements, new dining concepts and more. The first project, a $ 170 million guest and suite renovation project in Kaiser Atlantic City and Horse Atlantic City, is scheduled to begin this summer.
“These exciting plans … will revitalize Kaiser’s brand of hospitality and continue Harrah, Tropicana and Kaiser Atlantic City as market-leading resorts,” Anthony Nano, Caesar’s president and chief operating officer, said in a release. “We remain on Atlantic City, and this commitment will drive us to long-term growth and success.”
New Jersey Government. Phil Murphy said that his administration together with corporate, community and government partners has established Atlantic City as “a major tourist destination” in the state.
Murphy said in the release that Kaiser’s investment “focuses our attention on growing the economy, continuing to support Atlantic City, and creating jobs in our state.”
Atlantic City Mayor Marty Small Sr. said he believes 2021 is “a new era” for the city.
“We appreciate Kaiser’s dedication to the market as the largest employer in Atlantic County,” he said in the release. “His three-year reinvestment plan doubles down on this commitment, which will undoubtedly strengthen Atlantic City again.”
This is a developing story. Check back for updates.