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Atlantic City Casinos Get High-Stakes Bids

5 October 2000

NEW YORK – As reported by The New York Post: "After 75 years, Atlantic City is again becoming a playground for the rich - this time, billionaires on the prowl for more bucks.

"A $6 billion investment guru, Tom Barrack, is jumping onto the merry-go-round for control of an Atlantic City casino, Resorts International. He's joining billionaire investor Carl Icahn, who's already bought the Sands and is trying to get a second one that's mired in bankruptcy court, the Claridge.

"Also in the scramble for the Claridge is Icahn's newest business rival, casino king Arthur Goldberg, who runs the world's biggest gaming empire, Park Place Entertainment.

"…Casino analysts say the Atlantic City scramble has been triggered by the The Borgata, the $1 billion mega-casino being built in a joint venture by Boyd Gaming and MGM. Ground was broken last week for the 2,000-room casino, which will be Atlantic City's largest…"

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