Marcus & Millichap announced the sale of the mixed-use property, which offers views of the historic Absecon Lighthouse, the Absecon Inlet and the Atlantic Ocean.

The entertainment company and DSD Renewables of Schenectady, N.Y., broke ground on the initiative that will help the seaside resort operator eliminate greenhouse gas emissions by 2050.

The preparation starts with the moves and investments that the casinos are undertaking.

While the sports betting industry continued its meteoric rise, with wagers breaking the $1 billion mark for the sixth time, seven of the state's nine gaming halls continued to lag behind their in-person, pre-pandemic revenue levels.

The funding from the New Jersey Department of Community Affairs Neighborhood Revitalization Tax Credit program will support projects from Atlantic City Development Corp. and the Atlantic County Economic Alliance.

University President Harvey Kesselman said turning the 118-year-old building back to the city will provide opportunities for local residents.

Sean Pattwell will be responsible for leading the CRDA in its mission to facilitate community-oriented redevelopment in Atlantic City.

A report commissioned by New Jersey’s casino industry warns of a deep economic loss stemming from a potential ban of smoking on the casino floors: up to 2,500 jobs at the casinos could be lost, and gambling and non-gambling revenue could fall as much as 10.9% and 6.5% respectively, while tax revenue could fall by as much as $44 million.

According to Joe Lupo, president of Hard Rock Atlantic City and of the Casino Association of New Jersey - the latter of which commissioned the study - said visitation to the seaside resort is already at a 20-year low, while the workforce is half of what it was in 2003.

This marks the the third consecutive year for the rewards, following a record-breaking 2021 for the resort.

The remodeling is part of the hotel's property-wide renovations, which total more than $100 million.

The state's gaming palaces brought in nearly 65% more last year than they did the year prior--and nearly 37% more than 2019, before the pandemic.