The Intriguing Story of the Borgata Casino's Ownership

The Borgata Casino, located in Atlantic City, New Jersey, has long been a hub of excitement and entertainment for both locals and visitors. With its luxurious amenities, high-stakes gaming, and world-class dining, the Borgata has become a staple in the gaming industry. But who owns this iconic establishment? Let's delve into the fascinating journey of the Borgata Casino's ownership.

The Borgata's Beginnings

The Borgata Casino was originally developed by a joint venture between steel magnate Donald Trump and Italian developer, Morris Bailey. This partnership was formed in the early 2000s, and construction on the casino began in 2002. The property, which was initially planned as a resort hotel, was scheduled to open in the summer of 2003. However, due to various setbacks, the opening was delayed until November of that year.

A New Owner Emerges

In 2007, the Borgata Casino was sold to a group of investors led by Las Vegas Sands Corporation. This new ownership brought a fresh perspective to the property, and they embarked on a series of renovations and expansions to elevate the Borgata's status as a premier gaming destination.

The Las Vegas Sands Corporation

Las Vegas Sands Corporation, founded by Sheldon Adelson, is a global gaming and hospitality company that operates in Macau, Singapore, and the United States. The company is renowned for its high-end resorts and casinos, including the iconic Venetian and Palazzo in Las Vegas. Adelson's vision for the Borgata was to create a luxury resort that would rival the best in the world.

The Borgata Today

Today, the Borgata Casino Resort is one of the most successful properties in Atlantic City. With over 2,000 hotel rooms, a wide array of dining options, and a vast array of gaming opportunities, the Borgata has become a must-visit destination for gamblers and vacationers alike.

Ownership Structure

The Borgata Casino Resort is jointly owned by two entities: Las Vegas Sands Corporation and Boyd Gaming Corporation. Boyd Gaming, founded by Sam Boyd, is a leading operator of gaming and entertainment properties across the United States. The partnership between the two companies has allowed the Borgata to maintain its position as a premier gaming destination while benefiting from the expertise of both companies.

The Future of the Borgata

As the gaming industry continues to evolve, the Borgata Casino Resort remains committed to staying ahead of the curve. With plans for continued renovations and expansions, the Borgata is poised to remain a leader in the gaming and hospitality industry.

Questions and Answers

1. What is the Borgata Casino Resort's main source of revenue?

The Borgata Casino Resort generates the majority of its revenue from gaming, including slots and table games, as well as hotel room bookings and dining.

2. How many employees does the Borgata Casino Resort employ?

The Borgata employs over 5,000 employees, making it one of the largest employers in Atlantic City.

3. What is the Borgata Casino Resort's most popular attraction?

The Borgata's poker room, known as the World Series of Poker Borgata, is one of the most popular attractions. The venue hosts several prestigious poker tournaments throughout the year.

4. How has the Borgata Casino Resort adapted to the challenges of the COVID-19 pandemic?

The Borgata Casino Resort has implemented various safety measures to ensure the health and well-being of its guests and employees, including social distancing protocols, enhanced cleaning practices, and mandatory mask-wearing.

5. What are the Borgata Casino Resort's future expansion plans?

The Borgata has several expansion plans in the works, including the addition of new dining options, a luxury spa, and additional hotel rooms. The resort is also exploring the possibility of adding a water park to its amenities.

In conclusion, the Borgata Casino Resort's journey from its humble beginnings to its current status as a premier gaming destination is a testament to the power of innovation and collaboration. With a strong ownership structure and a commitment to excellence, the Borgata is sure to continue thriving in the years to come.