May 24, 2024 2 min read

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Evolution Unveils Plans for $75M Live Casino Studio in New Jersey

The new project, if greenlit, would see Evolution erect a new four-story, 130,000-square-foot building

Live casino specialist Evolution has submitted plans for a $75 million live dealer casino studio in Atlantic City. The new building will be responsible for the company’s iGaming operations in the state.

The new studio would complement the company’s portfolio of live dealer studios, which includes a venue based in Hard Rock’s Ocean Casino Resort and Tropicana.

According to Evolution’s plans, the live casino leader hopes to open a dedicated studio at 2301 Fairmont Avenue. The new project, if greenlit, would see Evolution erect a new four-story, 130,000-square-foot building. For reference, the site in question is currently used as a parking lot.

The site is currently owned by the Casino Reinvestment Development Authority (CRDA), which is responsible for the planning and construction of gambling properties in the city. This means that Evolution would need approval from the CRDA before being allowed to redevelop the plot.

The new property would allow Evolution to hire more people and scale its operations. This is of significant importance to the company, which seeks to expand its local footprint since NJ law requires all live dealer operations in the state to be conducted from an AC-based office.

Cooper Levenson Backs Evolution’s Project

Evolution’s latest project will be backed by Cooper Levenson, a premier gaming, casino, and iGaming law firm, and partner Lloyd D. Levenson. The latter man serves as the legal company’s iGaming head and is known as a staunch supporter of AC gaming.

In a discussion with CRDA officials, Levenson promoted Evolution as a company that already employs over 850 employees in Atlantic City. He noted that this figure is sure to grow if the live casino company is allowed to construct its new and larger office. According to him, the new property would increase Evolution’s capacity, allowing it to employ as many as 2,000 employees by 2029.

In other New Jersey-related news, the Division of Gaming Enforcement (DGE), announced the release of a new report, highlighting the performance of casino operators in Atlantic City. The publication outlined a profit drop of 10% caused by flat hotel occupancy and lower GGR.

In the meantime, a local casino denied a $2 million jackpot to a 72-year-old winner, claiming a glitch in the casino’s system. This action triggered a lawsuit as the plaintiff hopes to reclaim the money she believes she won.  

Journalist

Although Fiona doesn't have a long-spanning background within the gambling industry, she is an incredibly skilled journalist who has built a strong interest in the constantly growing iGaming network. The team at GamblingNews.com is glad to have her on our roster to help deliver the best stories as soon as they hit. Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry.

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