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Back in the day people used to flock to Atlantic City to vacation, it was a place that was an alternative to people flying cross country to gamble in Las Vegas.
With the boom of casinos that have been built around the country over the past ten years, the town once known for its glitz, has taken a back seat for the first time in its existence.
Now the plans are in place to once again become the premier East Coast destination for gamblers, as big casino resort projects are in the works, and the city hopes that by 2012 they will become the hot spot for vacationers again.
Of all the big projects in store, none will be bigger than the $5 billion casino resort that the MGM has planned for the area. It will be located next to Borgata in the marina district, and will become the largest project ever in Atlantic City.
Pinnacle will also be bringing a casino resort to the area and the price range for their project is expected to be between $1.5 billion and $2 billion.
Revel is partnering with Morgan Stanley on a project that will cost $2 billion and will include the tallest building in Atlantic City.
The Pinnacle project is going on the site of the former Sands Hotel Casino, which was recently destroyed.
Several other companies including Caesar’s Entertainment are also contemplating building a casino in New Jersey.
The city hopes that with all the expansion and the quality of the casino hotels that are being built, that Atlantic City will once again become a place that people will flock to spend their gambling money.