Investment plans by new Caesars could boost Atlantic City’s appeal David Danzis, Press of Atlantic City · August 6, 2020 at 7:07 am Caesars Entertainment Inc.’s commitment to spend hundreds of millions on capital investments over the next several years will revitalize one of the Boardwalk’s oldest casinos and could become a catalyst for the market’s post-coronavirus recovery, according to one public policy group. As part of a lengthy list of conditions imposed by state gaming regulators for approval of the $17.3 billion acquisition of the former Caesars Entertainment Corp. by Eldorado Resorts Inc., the newly formed casino company — now the largest operator in the United States — agreed to invest $400 million in the next 36 months at its three Atlantic City properties. A $25 million sale of Bally’s Atlantic City to Rhode Island-based Twin River Worldwide Holdings is pending, but if the deal falls through, an additional $125 million would be spent as part of the reinvestment plan.
