Hard Rock has scrapped plans for a new casino hotel in Atlantic City, dropping out the day the development group faced a deadline for a $1 million payment to the state for the project.
“Hard Rock has decided not to move forward with an application for a potential hotel-casino development in Atlantic City, due to current market conditions,” the company said in a statement. “We have been evaluating Atlantic City as a prospective location for a hotel-casino development and have not eliminated this location for a future endeavor.”
There have been rumors circulating that they may be interested in buying the newly built troubled Revel Casino instead of building themselves.
