MGM Coy on Plans for Atlantic City Casino
ATLANTIC CITY – Gaming giant MGM Mirage isn’t saying it will definitely build a new casino in Atlantic City. It’s not saying it definitely won’t, either.
Terry Lanni, MGM Mirage’s chairman and chief executive officer, said he is encouraged by Gov. James E. McGreevey’s new pledge not to raise taxes on casinos or push for video slot machines at New Jersey racetracks without first winning the gaming industry’s support.
But whether the Las Vegas company will finally build a new casino here remains anyone’s guess because Lanni isn’t tipping his hand.
“We’ll continue to evaluate that and at the appropriate time we’ll move accordingly. We’re bullish on Atlantic City,” Lanni said during a conference call Wednesday to discuss the company’s fourth-quarter earnings.
“We’re much more encouraged, as we all are, about Gov. McGreevey’s comments and we’ll deal with it accordingly. But there’s nothing to announce at this time,” he added.
MGM Mirage has had an on-again, off-again relationship with Atlantic City for eight years. It once planned to build a lavish gaming resort on the long-vacant Uptown Urban Renewal Tract, then abandoned that project to focus on a possible casino in the Marina District
Voters OK Plan for Riverboat Casino
HAMPTON, Iowa — Voters in Franklin County on Tuesday approved a proposal to float a riverboat casino.
With nearly 40 percent of registered voters participating, 53 percent of the votes were in favor of the referendum.
Anette Renaud, executive director of the Franklin County Development Association, said a riverboat casino would generate about $250,000 for the county and $250,000 that would be divided among communities within the northern Iowa county.
Gayle and Roger Burnett, of Rockford, want to operate the boat, which would employ up to 600 people.
Under the plan, a riverboat casino would be located off Interstate 35 near Iowa Highway 3.
Renaud said a casino in Osceola, which is comparable to the one being proposed in Franklin County, grosses about $50 million a year.