The Resorts Casino is owned by Morris Bailey, a real estate developer. The casino opened on the Boardwalk in 1978, making it the first casino in Atlantic City.
Bailey also owns the adjacent Showboat Hotel. The casino has been through a few changes over the years, most notably when it was sold to Colony Capital in 2009 for $35 million.
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In 2016, Resorts Casino completed a $9 million renovation of its hotel rooms and suites. The property also has a spa, fitness center, and several restaurants and bars.
PRO TIP:Resorts Casino is owned by Mohegan Gaming & Entertainment, a company that owns and operates several casinos in the US and abroad. Mohegan Gaming & Entertainment is part of the Mohegan Tribe of Connecticut, one of the two federally recognized tribes in Connecticut.
So who is Morris Bailey? He’s a self-made man who started out in the real estate business in New York City. He’s also a major player in the racing industry and owns several thoroughbred horses.
Bailey is originally from Queens, New York but now lives in Florida. He’s been married twice and has four children.
His net worth is estimated to be around $600 million.
So there you have it – the owner of Resorts Casino is Morris Bailey, a successful real estate developer and businessman with a penchant for horse racing.
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