Borgata Hotel Casino & Spa is a hotel, casino, an spa in Atlantic City, New Jersey owned by Marina District Development Corporation, LLC. The name means "little village" in Italian. The Borgata was built to bring high rollers back to Atlantic City. At a cost of $1.1 billion, The Borgata is a 43-story hotel with 2,002 guest rooms, 70,000 square feet (7,000 m²) of meeting space, 13 gourmet restaurants, a 50,000 square foot (5,000 m²) spa, and a 161,000 square foot (15,000 m²) gambling floor. With a profit margin of about $600,000 a day on non-gambling revenue, the Borgata's total daily income is about $2,000,000. The Borgata has also been seen as a catalyst for recent expansions by nearby casinos and reinvigorating the Atlantic City casino industry.