is caesars casino in atlantic city closing

“Things won’t change overnight, but it will happen,” Levenson said of a Bally’s rejuvenation.

Lloyd Levenson, the most prominent gaming law attorney in Atlantic City almost since the industry was born in 1978, told regulators in November that the times are about to change. Bally’s an afterthought no moreĮven with the closing of Showboat, Caesars Entertainment executives focused more on the Caesars and Harrah’s casinos in Atlantic City than on an increasingly dated Bally’s.Ĭonsumers noticed, as revenue figures at Bally’s have been the lowest in the city for nearly every month since 2016 - including last month. The industry consolidation benefited the seven surviving casinos, though they soon met new competition in the Hard Rock and Ocean casinos in mid-2018 that opened on the sites of Trump Taj Mahal and Revel properties, respectively. Two years later, Trump Taj Mahal closed as well. Instead, Caesars Entertainment shuttered its mildly profitable Showboat casino in 2014 - part of a purge that year that also produced closures at the $2.4 billion Revel, Atlantic Club, and Trump Plaza. Bally’s, the city’s top casino for a brief stretch decades ago, was seen not so long ago as the most likely of the city’s then 12 casinos to fold. The new owner, which paid a mere $25 million for the property, was blunt when necessary with those regulators during the approval process. The tech overhaul is just a small piece of a $90 million upgrade that the casino’s new owner - Twin River, until the Rhode Island-based company took over in November and rebranded its entire operations under the Bally’s brand - promised New Jersey regulators as part of its approval process. “We are excited to announce that Bally’s Atlantic City Hotel and Casino will be rolling out a new rewards program,” which was to begin last Thursday, Michael Monty, the casino’s assistant general manager, said in a statement.

The casino’s hotel remained open during that time, although patrons seeking refunds for not having direct access to a casino gaming floor were accommodated. So the new owner at Bally’s - which opened in the waning days of the 1970s - elected last Tuesday night to to perform what it called “a 30-hour shutdown a complete IT overhaul to modernize all electronic gaming devices and systems.” A well-timed Valentine’s Day Sunday coupled with the Presidents Day federal holiday on the next day was the last major weekend for Atlantic City casinos until the March Madness of NCAA men’s basketball begins in earnest on March 19.

Is caesars casino in atlantic city closing