Fifteen years ago, Mirage Resorts Inc. spent a shitload of money cleaning up a landfill in Atlantic City, which is now the site of the Borgata Hotel Casino & Spa. In return for doing so, Mirage was to receive a $20M reimbursement from the state of New Jersey, 40% of which was supposed to be passed on to Atlantic City. But AC only ever received about $2M, basically because the state stopped paying Mirage, and the Mirage felt that, hey, if the government can shirk its obligations, so could they. Now the state’s ready to make good on its obligations, and Mirage is doing likewise, so Atlantic City can finally finish work on their Six Million Dollar Man. Of course, those plans were based on 1995 estimates, so now they can only afford a Six Million Dollar Midget. Read more.
Atlantic City’s casino tables bleed red ink in May
June 14, 2018