The sale saves Resorts amid predictions that the aging and undersized Boardwalk property simply would not have survived much longer unless it came under new ownership. The announcement gives some lift to a gaming market stuck in a four-year economic slump and dealing with growing competition from rival casinos in surrounding states.
I don’t like Resorts as it is currently operated. I feel dirty just walking into the casino. Gomes has been trying to get into the Atlantic City casino market for a while as he was trying to gain control of the Tropicana. I’m looking forward to seeing what he’ll be able to do with this grand old building.