Star-studded casino sold for a song

In the wake of the New Jersey online gambling bill being legalized and Atlantic City’s extravagant Revel Casino going bust, the gambling capital faces another blow this week – Pinnacle Entertainment is selling its $2 billion land it was to use to build a casino in Atlantic City, and is shelving the idea.

The gaming and hospitality powerhouse takes with it vital business for the floundering gambling breadwinner of Atlantic City and New Jersey as a whole.

Word is that the land was sold for a paltry three and a half billion dollars.

This is the second tragedy the plot of land has suffered, after it saw the clsing of legenday casino and hotel the Sands, which housed timeless celebrities such as Bob Dylan, Frank Sinatra and Sammy Davis Jnr.