The water park was partially financed based on a tax incentive with the state. The Casino Reinvestment Development Authority approved the plan in 2020 as part of the entertainment retail district. Rebates were provided over the next two decades as part of the deal.
For many years, Atlantic City has been a gambling destination. Visitors come to enjoy the New Jersey casinos, play slots and table games, drink, and enjoy fine dining. As the years have progressed, the younger generation of travelers has shown less interest in traditional casino games. They want more types of entertainment, such as concert venues or water parks.
Casino operators are looking for new ways to entertain the younger crowd. In years gone by, visitors were more traditional and were happy to spin a standard slot. Today, visitors grew up with computers and cell phones, so they expect a more interactive way to enjoy entertainment.
Casinos have been spending more money on renovations and additions over the past few years to bring in new travelers. Outdoor concert venues, a Bass Pro Superstore, restaurants, and clubs are just a few additions to New Jersey gaming venues.
We don't expect Atlantic City to shy away from its casino roots, but adding new and exciting attractions is a great way to bring in families and other visitors. Many venues are currently working on updating hotels and the overall property to ensure that guests have an enjoyable experience while visiting.
It will be interesting to see if any new developments similar to the water park or other entertainment come to life in Atlantic City over the next few years as the area tries to create an overall destination experience.