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July 30, 2010

Casino site going for ‘significant discount'

  • Pinnacle Entertainment acknowledges what has long been apparent: It'll take a bath when it sells the land where a $2 billion Atlantic City resort was planned.
    • By WAYNE PARRY
    Associated Press Writer

    ATLANTIC CITY, N.J. — Not long ago, Pinnacle Entertainment had grand plans for a sparkling new casino resort on the Atlantic City Boardwalk that would cost upward of $2 billion.

    On Thursday, the company acknowledged what has long been apparent: It's going to take a bath when it sells the land where that now-scrapped resort would have been built.


     
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