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They planned to build one hotel-casino and sell up to three other parcels to other developers. In 2008, Penn National Gaming had two proposals for new hotel-casinos. In 2008, realtor Robert Pagano and a representative from shopping mall owner Triple Five Group sought to get land they owned in the marina district rezoned for hotel-casino and retail use.
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In 1978, an investor group purchased the Ritz-Carlton Atlantic City intending to convert it to a hotel and casino. However, the casino was never built, and after having financial problems, the company lost ownership of the hotel-casino in Las Vegas in 2010. After Planet Hollywood acquired the Aladdin Resort and Casino in Las Vegas, Nevada, they announced plans in 2005 to open a hotel-casino in Atlantic City. In 1996, Planet Hollywood International Inc., a theme restaurant chain, and ITT Corporation, which had recently acquired Caesars World, announced a joint venture to develop a hotel-casino. Later that year, they planned to rezone a parcel of land on Route 30 at the city’s gateway for development of a hotel-casino.
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The company would later return to the city in 2017 with its purchase of the shuttered Trump Taj Mahal and planned renovation of the property as a Hard Rock casino. Hard Rock dropped the project in September 2012 because market conditions in Atlantic City, including poor results at the newly opened Revel casino, made it very difficult to secure financing. Levin later offered a leasehold interest in the property to Cavanaugh Communities Corp. The company applied for a license on January 8, 1980, for the Caesars Palace Atlantic City project but never built anything on the site.
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In May 1977, Edward Sims announced that his investor group would develop a hotel-casino, called the Atlantis, in the marina area. Atlantic Land Limited opened an office near New York Avenue in 1979, proposing to build a 31-story hotel-casino. In 2006, AC Gateway LLC, headed by Wally Barr and Curtis Bashaw, purchased a number of properties near Albany Avenue and the Boardwalk in order to build a hotel-casino.
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