Investment Group Looks to Buy Atlantic City Casino
George Miller, an Atlantic City attorney and businessman who holds a small stake in a Pennsylvania racetrack casino is looking to score a large chunk of the Atlantic City gambling market.Miller has joined with his business partner, Kevin Flynn, to form an investment group to buy an Atlantic City casino. While Miller hasn’t said which one he has said that they are considering the Atlantic Club Casino Hotel, “We’re looking at properties. We’re looking all over the place. I have not eliminated the Atlantic Club.”
Both Miller and Flynn own 0.25% of Harrah’s Philadelphia and there is a chance that their relationship with Caesars Entertainment in Pennsylvania could give them an inside track if the company chooses to sell any of its four Atlantic City casinos.
So far the only casinos to announce that they will look at offers are the Atlantic Club, Trump Plaza and Golden Nugget. Miller has said that he would like a deal by the end of the year and said that his investment group has spent “some serious dollars” evaluating the market.
With the upcoming launch of internet gambling in New Jersey Miller believes that the “political winds are blowing in the right direction. There’s a lot of good on the horizon.”