Hard Rock International (HRI) has revealed that it has completed the acquisition of former Taj Mahal building and also unveiled its plans to redevelop Hard Rock Hotel and Casino Atlantic City.
The building will undergo a $375m renovation and reopen in summer 2018.
The upcoming Hard Rock Hotel & Casino Atlantic City is situated on 17-acres of Boardwalk real estate.
This renovation work is expected to create more than 1,000 jobs during construction and 3,000 permanent jobs.
Since the transaction on 31 March, Hard Rock has already appointed 23 employees.
Hard Rock International chairman Jim Allen said: "From world-renowned music events to innovative dining concepts, we're excited to bring the Hard Rock Hotel and Casino experience to the Atlantic City boardwalk – which has been home to our Hard Rock Cafe for more than 20 years.
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By GlobalData"Our commitment to Atlantic City has never been stronger and we look forward to being a catalyst for further growth and development of the area."
Hard Rock Hotel & Casino Atlantic City will provide a range of gaming opportunities with 2,400 slots and 130 table games.
Further, the casino will feature a redesigned interior along with various food and beverage concepts.
Hard Rock Cafe Atlantic City will become a new 400-seat venue and include an improved stage.
Hard Rock International claimed that the entrance of the hotel will be completely reimagined.
Guestrooms and suites will undergo a complete renovation while meeting space will be updated to accommodate both large conventions and smaller events.