Saturday, October 25, 2014

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Atlantic City's Showboat Casino Set to Close Doors

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TWC News: Atlantic City's Showboat Casino Set to Close Doors
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After nearly 30 years on the Atlantic City Boardwalk, the Showboat Casino is cashing in its chips.

Thanks to increased competition from other casinos siphoning profits, Showboat's owner Caesars Entertainment will close down the popular tourist attraction Sunday at 4 p.m.

Among the casino's more than 2,000 employees, only just under 500 will be transferred to other Caesars-owned resorts around the country.

The closing comes as two other gaming sites prepare to shut their doors—Revel casino later this week, Trump Plaza next month.

That will leave eight casinos in Atlantic City—down from 12 when the year began.

Caesars Entertainment owns three of those casinos.

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