![]() For the time being, Lunn has many other projects on his plate. If PILOT fails, Borgata’s profits will suffer from a higher impost.īut that remains to be seen. One worry he has to deal with is the possible overturning of the Garden State’s PILOT Program (Payment in Lieu of Taxes), which has lowered the tax burden of Atlantic City’s casinos but hasn’t been faring well in the courts of late. He’s continued to evolve the resort product, whose coffers are further swelled by its first-place ranking among New Jersey’s Internet casinos. Lunn, a veteran of Beau Rivage and MGM Grand itself, quickly put daylight between Borgata, and newcomers Hard Rock and Ocean Casino Resort. When rival Hard Rock Atlantic City was gaining ground on Borgata, MGM shook up the latter’s leadership and brought in Travis Lunn as property president. There have been a few scares along the way. With the exception of a single, post-pandemic month, Borgata has been the top moneymaker in town, month in and month out, for two solid decades, an almost unimaginable achievement in the volatile casino industry. Steady also is Borgata’s pride of place amidst the ocean city’s casino market. Over the years, some things have come and gone at the resort, including Boyd’s ownership share (which it invested into growth in other cities) but MGM, now MGM Resorts International, has been a constant. Borgata immediately leapt to the forefront of Atlantic City and grew the market. (Whatever became of him?) Nothing was ever the same. on Jwith an inaugural roll of the dice on a craps table by actor Stephen Dorff. Then came Borgata, a collaboration between Boyd Gaming and the company then known as MGM Mirage. Steve Wynn had fled and Donald Trump talked big but did nothing. It had evolved – or perhaps devolved – into a sleepy, even stagnant gambling market. Twenty years ago, Atlantic City got a wake-up call. As Atlantic City’s Borgata heads toward a milestone anniversary, President Travis Lunn sets a course for the future. ![]()
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