ATLANTIC CITY -- Five major casino-resorts are expected to open
here by early 1999, according to the Atlantic City Convention &
Expected to cost an estimated $3 billion, the new properties
will add 8,500 rooms to Atlantic City.
Among the major players scheduled to arrive are ITT and Planet
Hollywood, which are planning a $490 million casino hotel on a 7.5
acre site adjacent to the Sands Casino Hotel; Mirage Resorts, Inc.,
with plans to build a $750 million Beau Rivage Casino Resort in the
Atlantic City marina district; and MGM Grand, Inc., which has
proposed a $700 million resort on a 70-acre site adjoining the new
Forest City Ratner retail and entertainment complex.
Circus Circus Enterprises and Boyd Gaming Corporation entered
into agreements with Mirage for additional properties.
Sun International Hotels, Ltd., also announced plans for a $700
million casino resort, which will be located near the MGM Grand