Despite COVID losses, Atlantic City casinos reinvesting millions for future
Published by
NJ.com

ATLANTIC CITY — With COVID-19 restrictions limiting how many people can gamble inside, and revenue and profits plunging, this might not sound like the best time for Atlantic City’s casinos to be spending big on renovations. And yet they are, looking to a post-pandemic future when gamblers will be looking for the latest thing. They’re investing hundreds of millions of dollars with those days in mind. The latest to open the corporate checkbook is Hard Rock, which told The Associated Press on Monday it will spend $20 million to renovate hotel suites, open a Starbucks outlet, purchase new slot mac…

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HEDGE accordingly