Gambling on Millennials as Atlantic City turns away from gambling, and playing to the Millennial culture may be a key result of its diversified growth and development. Boraie Development has been in the real estate game for decades. The family-owned company is well known for making long-term plays in less-than-perfect urban areas, such as New Brunswick and Newark. From an area of lowly occupied few developments and poor individuals investing culture, Omar Boraie takes it to a next level finds a business opportunity for real estate investment.
From a perspective of viewing Atlantic City as a go-to destination for Millennials, Omar Boraie in his view sees the opportunity in the Atlantic City in the gaming industry and is willing to invest money in the gambling saying, ‘‘Our family is humbled to have been selected as one of the first private developers to actually build in Atlantic City, That’s why we’re putting together something that I think is really going to make Millennials want to live here.” He sees a good time to put a new face on the old gaming town.
According to NJ Biz, the project, which is set to be the first of its kind in the city in decades will include a Beach at the South Inlet which will have 250 luxury units all of which will have state-of-the-art updates and amenities. The city with a population of 50,000 people that still work in the greater Atlantic City area 85 percent live in the Atlantic County but only 5 percent live in the City. That is the statistic aimed at when setting the investment. First, the investment will be in the City to attract the bigger number who live in the city outskirts. A reason a lot of young people are not living in the Atlantic City is that there is no engaging new product. You can visit pressofatlanticcity
For a very successful business to thrive, there are various stages it must go through. First is Implementation stage, The Boraie Development, LLC has strategies of laying down a business where there is an opportunity of a bigger sale constructing a modern and trendy gaming industry to attract the younger generation who will be their first target market to attain the development goals of the business. Secondly, From a 5 percent population of people it in the strategic plan to construct the best for every individual of the Atlantic County a kind of business which will attract people to come in the city to have their product sell. This is a big aim looking at both the Millennials and the ordinary that has the will to join and play in the gambling and gaming industry as a whole.
A well set established business thrives and gambling in the Atlantic City is another a go-to be successful business Omar Boraie counts from his sure well-laid plans to take a new product to the Atlantic City.