Dennis Gomes To Buy Resorts
Former Atlantic City casino executive Dennis Gomes has struck a deal to buy Resorts Casino, pledging to restore the luster and excitement that marked the property when it was the first casino to open in Atlantic City.
Gomes did not name a price or disclose any financial details of the deal, which was made with RAC Atlantic City Holdings LLC through Gomes Gaming Inc.
The casino, which opened in 1978, was taken over by its lenders in December 2009 after its previous owners couldn’t pay the mortgage.
Gomes entry into the market provides an extremely positive development as the city has been reeling under the pressure of the slow economy and increased competition from casinos in Pennsylvania, Delaware and now New York.
Gomes says he has faith in Resorts and the city as a whole.
“I believe in this property,” said Gomes in a press release. “It heralded the beginning of casino gaming in the East and has always had a special place in my heart. It is an exciting place with a lot of history and we are going to bring it back to life with even more energy and vitality than it possessed at its creation in 1978.”
Read our full story here.
Tags: Dennis Gomes, Gomes Gaming Inc., Resorts Atlantic City
August 23rd, 2010 at 12:38 pm
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