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Business
Caesars Entertainment Bets $400M On New Restaurants, Renovations At 3 Atlantic City Casinos Caesars Entertainment Bets $400M On New Restaurants, Renovations At 3 Atlantic City Casinos
Caesars Entertainment Bets $400M On New Restaurants, Renovations At 3 Atlantic City Casinos Caesars Entertainment announced on Wednesday that it is investing $400 million into three of its Atlantic City casino resorts. Renovations, to begin this summer at Caesars, Harrah's Resort and Tropicana Atlantic City, include new restaurants, enhanced gaming floors and renovated guest rooms.   The international company's plans include remodeled room towers; new interior designs, enhancements to the casinos' gaming floors; new dining concepts with acclaimed restaurant partners; and many more additions within the next three years, the company said in a news release. Caesars Entertainment…

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by Jon Craig
News
Atlantic City Casinos Losing $540M Per Month, 26,000 Workers Without Jobs Amid COVID-19 Crisis Atlantic City Casinos Losing $540M Per Month, 26,000 Workers Without Jobs Amid COVID-19 Crisis
Atlantic City Casinos Losing $540M Per Month, 26,000 Workers Without Jobs Amid Covid-19 Crisis It's been a while since Atlantic City has gotten any action, and it shows. The casinos, which were ordered shut March 16, are losing $540 million a month and more than 26,000 workers are out of jobs, the New York Post reports. Casino industry expert and University of Texas Rio Grande Valley professor Clyde Barrow said the coronavirus has caused "the biggest blow to the casino industry that we’ve seen in a lifetime." Casinos across the U.S. are expected to lose more than $21 billion in revenue before the coronavirus crisis clears up, The Post said. Gambling officials hope the industry…

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by Cecilia Levine