Yup, you read that headline right. After four casinos closed their doors in 2014, an existing hotel is proposing adding a casino to its property. The Chelsea Hotel has revealed that they are asking the state to amend a bill that would permit it to open a small casino on its existing property.
New Jersey law requires casinos to have about 500 hotel rooms, but a new bill would reduce that requirement to around 200 rooms, giving The Chelsea an opening to operate a new casino.
The news that a new casino could soon be opening in Atlantic City flies in the face of traditional thinking, which pegs Atlantic City as a city on the verge of devastation. The latest casino to close was The Revel, a $2.4 billion property that only opened in 2012. The casino resort, which is just over two years old, went bankrupt a few months ago and had been sold to a Canadian company, Brookfield Asset Management.
But after backing out of the sale, a bankruptcy judged voided the sale and paved the way for a new buyer, who has yet to be found. Just down the boardwalk, Showboat is being turned into a college dormitory and hotel. No casino will be on site.
So with hotels closing or changing their focus away from gaming, why does The Chelsea think that now’s a good time to open a brand new casino? Well, it could have something to do with the style of gaming it wants to offer.
The boutique hotel can only accommodate a few hundred people on its proposed casino floor in keeping with fire regulations. So is that enough to sustain a casino? Management seems to think so. And I totally agree.
The Chelsea would cater to hotel guests and people who want to learn games. Management envisions a few dozen tables scattered around the casino floor. And rather than make it all about making money, they’d offer instructional games to help players familiarize themselves with the games.
I think this is a great idea. That’s the great thing about CoolCat Casino. You can take the time to learn new games without spending any money (just play free games and you’re golden). It’s nice to see the land-based world adopting our format and I think it’s something that players will really appreciate.
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