Media/Entertainment
"The best thing for New Jersey to do is to continue to promote Atlantic City so that it continues on the path that it is," says Joe Corbo, president of the Casino Association of New Jersey and general counsel at the Borgata Casino, who opposes adding slots elsewhere in the state.
Over the next few years, an additional $2 billion to $3 billion could be earmarked for additional development in Atlantic City, including the MGM and Morgan Stanley projects, Corbo says. He admits that estimate might be light, given that the starting cost for a casino resort development is roughly $1 billion and several potential projects are being eyed in addition to the MGM and Morgan Stanley sites. "Atlantic City is poised with all these incredible potential projects on the horizon. Why would you want to take a chance on that?" Corbo says.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
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