ITT, Mirage Among 5 With Atlantic City Casino Plans

ATLANTIC CITY -- Five major casino-resorts are expected to open here by early 1999, according to the Atlantic City Convention & Visitors Authority.

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 complex.

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