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Boyd Gaming and MGM Mirage Break Ground for $1 Bil. Resort

ATLANTIC CITY, NJ-The Borgata will be the first new casino hotel to open here in more than 13 years, and it will also be one of the largest.

By Eric Peterson | Updated on October 19, 2000

ATLANTIC CITY, NJ-Boyd Gaming Corp. and MGM Mirage, both based in Las Vegas, have broken ground for the Borgata. When the sprawling 30-acre resort opens in three years, it will be the first new casino hotel in this resort city in 13 years.

“It represents significant growth opportunities for our company and for Atlantic City,” says Boyd Co. chairman William Boyd, whose company owns or operates 11 casino properties in Nevada, Mississippi, Illinois, Indiana and Louisiana. “This property will create a fun and energetic atmosphere. It will be the first casino resort built under the new, more customer-friendly regulations affecting casino design in Atlantic City.”

MGM Mirage chairman Terry Lanni says the project heralds the next round of development in AC: “We believe Atlantic City has a bright future.” His company is the result of the merger earlier this year of MGM Grand and Mirage Resorts. Its signature properties are the MGM Grand, Bellagio, Mirage, Treasure Island, Golden Nugget and New York New York, all in Las Vegas, and its portfolio of holdings covers three continents.

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