Atlantic city casinos new owner12/21/2023 ![]() ![]() "You simply are not going to consume your way out of the morass that you're in," he says. Standing on the city's famous boardwalk in front of the darkened Trump Plaza, Oliver Cooke, an economist at nearby Richard Stockton College of New Jersey, says city officials have an uphill battle. "This is the business that I think will evolve and regrow Atlantic City," he says.īut some are skeptical about the potential payoff from new construction. That's perfect, Mazer says, because meetings fill in weekdays and off-season months when the summer gaming season falls off. Inside the adjacent casino and hotel, a food industry and teachers' convention are taking place. The center is being built with substantial backing from Caesars and the casino reinvestment authority. Nine million pounds of steel went into the structure that will become the Waterfront Conference Center in Atlantic City, says Rick Mazer, regional president of Caesars Entertainment. Guardian and redevelopers want to do what Las Vegas did two decades ago, on a smaller scale: branch out into more entertainment and conference and event hosting. "You lose your whole entrepreneurial spirit." "The city was happy, because it provided decent jobs with benefits and it paid the taxes, but we lost everything else," Guardian says. Christie Backs A Long Shot: Sports Betting
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