Atlantic City is similar to a paradise that never quite found fruition. It was a good idea : in fact, a good idea. Beach, betting, shows, what more could you want from a vacation? But instead of becoming the multi-day destination for wealthy บาคาร่าdg operatives from New york, Philadelphia, and DC that Mr. Trump as well as others were looking forward to, it became a somewhat seedy mecca with lots of retired bus trippers. Atlantic City was eclipsed by a more remote destination in desert of Nevada.
But now, in the middle of a financial crisis and stiff betting competition from Philadelphia and now Delaware, AC is making a comeback. A comeback that begins with the opening of the $2. 5 thousand Indulge Casino and is scheduled to be accompanied by several more mega-casinos that will bring Atlantic City to the overnight destination status once created by its earliest pioneers.
However, in late ’08 a market meltdown put a total stand still to the project and the hopes for Atlantic City revitalization seemed more unlikely than beating the guy who built hotels on Boardwalk and Park Place. So how does Indulge Entertainment turn when they are out of money and they already have about a thousand dollars sunk into the covering of a hotel and casino with no get out of prison free card? Where else, but the Chinese government. The get out of prison free card finally come up, and hopefully the bank error card is not about to raise its head.
Evidently, Indulge Entertainment has entered into a $1. 7 thousand deal with China State Construction Engineering Corp. and Tishman Construction to finish out the mega-project designed to resurrect AC from the ranks of betting town wash-ups.
The principle executive of Indulge said, “This is not about financing… It’s about a construction management agreement. inches It’s not about financing? C’mon.
Apparently seeking international investment partners is becoming more of the tradition for casino owner since MGM Mirage has had a partnership with the Dubai government to co-finance the $8 thousand CityCenter casino resort on the Nevada Deprive.