{"id":329,"date":"2023-07-08T10:02:44","date_gmt":"2023-07-08T10:02:44","guid":{"rendered":"https:\/\/hunzavalley.org\/three-nj-news-borgata-20-years-igaming-5-years-showboat-water-park\/"},"modified":"2023-07-08T10:02:44","modified_gmt":"2023-07-08T10:02:44","slug":"three-nj-news-borgata-20-years-igaming-5-years-showboat-water-park","status":"publish","type":"post","link":"https:\/\/hunzavalley.org\/three-nj-news-borgata-20-years-igaming-5-years-showboat-water-park\/","title":{"rendered":"Three NJ News \u2013 Borgata 20 Years, iGaming 5 Years & Showboat Water Park"},"content":{"rendered":"

<\/p>\n

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We take a look at a 20 year old casino that is consistently the market leader in terms of visits and table earnings, internet games and so on innovation<\/a>. And finally we visit The show boat<\/strong>, a former casino that is set to become the world’s largest indoor beachfront water park. Bill Blatstein’s Iceland water park was scheduled to open on the July 4th weekend, but the opening has been delayed by at least a week due to a backlog of ride permits there.<\/p>\n

Lawmakers are considering a 5-year extension of Atlantic City iGaming<\/h2>\n

No one is sure why New Jersey lawmakers recently reduced the timeframe for expanding online gambling in the state from 10 years to just 5 years, reducing operators’ ability to obtain long-term financing, create profitable business plans, or loans for a potential future to include, yields are halved to expand supply.<\/p>\n

The action was taken by changing without public debate or prior notice <\/strong>Last Tuesday. He initially shortened the timeline to two years, in what some saw as a pose to show who handles the money when it comes to deciding who pays how much in taxes to the state. The current authorization expires this year. A final vote on the extension by two, five or ten years is still pending.<\/p>\n

Internet gambling taxes are currently the highest among the three sectors at 15% <\/strong>while sportsbooks pay 13% and land-based or physical casinos only pay 8% on the money they win from players.<\/p>\n

Don Guardian, former Mayor of Atlantic City and current Congressman, said: “We’re all trying to figure out what happened.<\/em>according to an Associated Press report.<\/p>\n

According to Mark Giannantonio, president of Resorts Casino and the New Jersey Casino Association, a ten-year extension, as originally proposed in the bill, is “vital” to casinos’ continued successful operations.<\/p>\n

“The 10-year reauthorization of the Internet Gambling Act is critical to the continued success of the New Jersey gaming industry and taxpayer-funded programs.\u201d<\/em>called.<\/p>\n

The Guardian MP warned that the shorter timeframe could devastate commercial gambling numbers in the city, where online operators top the six states that currently offer regulated online casino gambling. Rhode Island Legislature recently licensed online casino games<\/a>but these casinos, operated by Bally’s and IGT, are not expected to come online until early 2024.<\/p>\n

Guardians said: “No one will invest money in a company that has (a brand) if it’s just two years older. Such things < Identit\u00e4t und Anerkennung online herstellen > cost money. This has helped keep Atlantic City alive.\u201d<\/em><\/p>\n

Players at Atlantic City online casinos have left over $6 billion in virtual machines <\/strong>and at the tables since operators in the state began accepting bets over the internet in November 2013 American Gaming Association<\/a>, the national trade and lobbying organization representing America’s commercial casino industry. The number is counted separately from the revenue of online sportsbooks in New Jersey.<\/p>\n

Online gambling revenues are credited with helping their physical counterparts weather the Covid-19 lockdowns at the start of the global health emergency, when physical doors were closed for more than a quarter of 2020. They also helped books get healed, as many players stayed away shortly after the doors reopened for fear of exposure.<\/p>\n

Borgata marks two decades as a game changer<\/h2>\n

Twenty years ago, MGM Mirage and Boyd Gaming combined under the leadership of former Borgata CEO Bob Boughner, raising resources and a new commitment to the Marina District when others relented or even withdrew – the extraordinary investments and follow-up of a commitment laid the foundation for the iconic hotel and casino to bounce back from the competition and embarked on a winning streak that continues to this day. Even as the losers got out, the Borgata dug deeper and persisted.<\/p>\n

According to an article in the Press of Atlantic City: “In keeping with Las Vegas trends, the Borgata Casino & Spa featured quality design features in the hotel rooms, on the casino floor, and in its restaurants and nightclubs that were superior to what the other casino hotels in Atlantic City offered at the time.”<\/em> said Jane Bokunewicz, faculty director at the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University School of Business.<\/p>\n

According to Bokunewics, Borgata raised the bar and established itself as a premier destination on par with the best real estate in Las Vegas, compelling or inspiring other operators to “rival the Joneses” in terms of set quality. Atlantic City as a top tourist destination.<\/p>\n

Borgata, as it was then known, was ultimately designed to appeal to a segment of the luxury-oriented potential guest base, with sleek, contemporary room designs, luxurious marble showers, a celebrity chef’s dining room, and vaulted ceilings, plus attractive bars and nightclubs. Some other traders succeeded and some failed or gave up while others around them made money from their investments.<\/p>\n

More than 800 young professionals and workers who have risen to the executive board still work there. Most were there over the weekend to take part in celebrations for the resort’s summer “birthday party,” which included a 1,000-foot “light show” featuring 500 lit-up drones.<\/p>\n

Earlier, the property announced that it had opened one New High Limit Slots Salon<\/a>as well as the presentation of new luxury suites<\/a> at the hotel.<\/p>\n

Borgata celebrates its 20th birthday<\/a>
The Press of Atlantic City, July 1, 2023<\/p>\n

Island Water Park at Showboat Resort<\/h2>\n

The opening of the world’s largest indoor water park on the beach has been delayed<\/h3>\n

Those who came to Atlantic City for the Fourth of July weekend celebrations hoping to be among the first to visit Island Waterpark will go home disappointed unless they stay at least until the following weekend after July 7th.<\/p>\n

The developer of show boat<\/a> Bart Blatstein now says the 100,000-square-foot attraction won’t open until then.<\/p>\n

In a prepared statement, Blatstein said: “You only get one chance to make a first impression. This is the largest indoor beachfront water park in the world and a destination that will last for many decades. So I want to make sure everything is perfect.\u201d<\/em><\/p>\n

Various media reports said that the delay was due to a backlog of approvals for some games rather than open issues or unfinished aesthetics.<\/p>\n

New Jersey State Department of Community Affairs (DCA) spokeswoman Lisa Ryan said in a statement found in the Atlantic City press: “The<\/em> The rides at Island Waterpark at Showboat are currently in the approval process. DCA is working with the water park owner to ensure the process of submitting, reviewing and approving travel documentation is adhered to and completed.\u201d<\/em><\/p>\n

Atlantic City Mayor Marty Small indicated that clarification was needed some “technical problems”.<\/strong><\/p>\n

“We prefer to be 100% safe.\u201d<\/em>According to the Philadelphia Inquirer, Small said. “The<\/em> Bottom line is that we dreamed of a water park in the metropolitan city of Atlantic City, but failed multiple times. People doubted Bart Blatstein. The water park is beautiful.\u201d<\/em><\/p>\n

According to digital literature and a previous media report, the $100 million Jersey Shore ride will feature three head slides; tube slides, a 1,000 square meter surf simulator; a 6,500-square-foot lazy river; Five water slides for younger children at the park’s Slide Island and a children’s area called Kids Cove.<\/p>\n

But Island Waterpark isn’t just about boy stuff. There will also be plenty to do for adults
“after dark,” including six bars offering craft beer, wine, and cocktails; Paradise Adult Island, a 10,000-square-foot entertainment and relaxation space overlooking the ocean and water park with live DJs; And Adults-only Bliss Pool with swim-up bar.<\/strong><\/p>\n

The pricing for visiting this one-of-a-kind AC wonder isn’t easy on the wallet either: adult (VIP) tickets are $119 for all-inclusive and regular day admission is $89. Those who stop by between 4pm and 8pm get a discount with a $69 admission ticket.<\/p>\n

Spring: Atlantic City indoor water park opening postponed due to incomplete permits<\/a>Philly Voice, July 1, 2023<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In the news from Atlantic City, New Jersey, we will a potential new 5 year permit to continue online gambling at casinos in the resort town of Jersey Shore. 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