Contrary to rumors that have swept AyCee the past couple of months, Water Club, the Borgata's 800-room, ultra-luxe hotel is not being closed temporarily--or permanently--because of the deteriorating economic conditions affecting the casino industry there..

"There has been no discussion, and we have no plans to close the Water Club," insisted an emphatic Dave Coskey, Borgata's vice president of marketing.

Coskey expressed puzzlement as to the origin of the rumors, especially in light of what he described as the success of the hotel since its late-June opening. "We've actually been pleasantly surprised with the occupancy rates," he said.