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History of Atlantic City


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ity-Brigantine Connector, and funnels incoming traffic off of the expressway into the city's marina district and Brigantine, New Jersey.

Although Wynn's plans for development in the city were scrapped in 2002, the tunnel opened in 2001. The new roadway prompted Boyd Gaming in partnership with MGM/Mirage to build Atlantic City's newest casino. The Borgata opened in July 2003, and its success brought an influx of developers to Atlantic City with plans for building grand Las Vegas style mega casinos to revitalize the aging city. MGM/Mirage was later forced to divest their shares of the Borgata resort because of problems in their dealings with Stanley Ho in Macau.

Owing to economic conditions and the late 2000s recession, many of the proposed mega casinos never went further than the initial planning stages. One of these developers was Pinnacle Entertainment, who purchased the Sands Atlantic City, only to close it permanently November 11, 2006. The following year, the resort was demolished in a dramatic, Las Vegas styled implosion, the first of its kind in Atlantic City. While Pinnacle Entertainment intended to replace it with a $1.5–2 billion casino resort, the company canceled its construction plans and plans to sell the land. The biggest disappointment was when MGM Resorts International announced that it would pull out of all development for Atlantic City, effectively ending their plans for the MGM Grand Atlantic City.

In 2006, Morgan Stanley purchased 20 acres (8.1 ha) directly north of the Showboat Atlantic City Hotel and Casino for a new $2 billion plus casino resort. Revel Entertainment Group was named as the project's developer for the Revel Casino. Revel was hindered with many problems, with the biggest setback to the company being in April 2010 when Morgan Stanley, the

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