CasinoGamblingWeb reportsthat Rob Pagano is going forward with an attempt to rezone his Atlantic City property for casino use:
Las Vegas Sands Corp. is in trouble. so are a few of the other big casino companies that are based in the United States. Two of them have actually put on hold projects in Atlantic City.
Despite the economy and the other companies that are slowing their plans, Rob Pagano is moving forward with his plans on bringing a new casino to Atlantic City. He has asked city officials to rezone seventeen acres of land he owns near the Borgata Hotel Casino & Spa.
Pagano is a real estate agent from Bergen County. Although he is leading the efforts to have his land rezoned, he may not be the only one involved with the new casino. The Press of Atlantic City has reported that Triple Five Worldwide may have some involvement in the casino project.
Triple Five Worldwide owns the Mall of America in Minnesota and may just have the capital to pull off the financing for a new casino. Atlantic City could desperately use something fresh.
In recent months the casino industry has been devastated by the economy. Casino companies have been scrambling to ensure that they have enough financial stability to get through the tough times.
November 13, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com