Atlantic City's market-leading Borgata casino has a new boss who is planning some significant investments, including renovating the hotel rooms and bringing in hundreds of new slot machines.
"That to me is a clear priority," Lunn said. "As the market leader, we need to be best in class in our room product. Right now we have quality, but are we relevant? Do we have the latest amenities inside our rooms? That's on my short list to address."
He succeeds former Borgata president Melonie Johnson, who returned to MGM's National Harbor casino as president and chief operating officer, a job she held before joining the Borgata in 2020., twice the amount of its nearest competitor, Hard Rock. It has led the Atlantic City market since shortly after opening in 2003. But Hard Rock draws much closer in terms of in-person winnings, drawing to within $175 million of Borgata's in-person total last year.
"I already have $10 million that I intend on spending on the slot floor to update the product that we have available," he said. "Our guests come in looking for a certain gaming experience, and we currently don't offer some of the product that our competitors offer."