MGM To Expand Race & Sportsbook
When the US Supreme Court struck down an old and out-dated federal ban on sportsbetting in June of last year, the entire gaming and entertainment industry realised the importance and significance of what was about to happen. New Jersey, the State that had for many years been rallying in support of sportsbetting, declaring it a constitutional right, immediately got right into it. On June 14, 2018, Atlantic City’s Borgata Hotel Casino and Spa debuted it’s The Race & Sportsbook.
It was obvious to all involved that the casino had in fact followed through on its statement that it had been secretly preparing for legalisation of the market for quite some time.
Top Destination Bar
Now, not even a year later, the MGM Resorts International property and casino has announced a massive $11 million expansion on its existing sportsbook offering. The new sportsbook will be integrated with what the Borgata refers to as a destination bar. The newly established destination bar is expected to be ready and operational come the second half of 2019.
One of the main reasons for the upgrade is the fact that the casino’s temporary sportsbook operation is taking up a lot of space. The new sportsbook facility is expected to be much larger than the existing, temporary one, as will be the new bar. The combined endeavour is being punted as a one-stop entertainment destination.
Ocean Resort Casino Sold
Atlantic City’s top casino destination seems to enjoy endless success, but this is sadly not the case for all casinos in the US. The Ocean Resort Casino, which had only recently opened its doors to the public, is reportedly being sued for $10 million, resulting from dealings with a former partner at its HQ2 club.
Rumours of mismanagement followed, and shortly after, newspapers ran amok with a story purporting to have received inside information from sources claiming that the casino was in actual fact for sale. It now appears that the media’s sources were in fact spot-on, as majority shares in the casino are being sold to a new owner for a cool $70 million. Current owner Bruce Deifik has not been forthcoming with the identity of the new owner.