Thursday night, when he revealed that Caesars planned to issue warning notices to Showboat workers t

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ATLANTIC CITY, N.J. (CBSNewYork/AP) Casino contraction hit Atlantic City again Friday, as the parent company of the Showboat Casino Hotel announced it will close the Mardi Gras-themed casino on Aug. 31.
While we regret the impact that this decision will have on our Showboat associates, we believe this is a necessary step to help stabilize our business in Atlantic City and support the viability of our remaining operations in the vicinity, he said. Since 2006, revenue in Atlantic City has declined maui condo rentals plus car by more than $3 billion and competition in the city has increased. The dynamic in Atlantic City has led us to the difficult but necessary decision to close Showboat.
It will be the second casino to close this year in the nation s third-largest gambling market. The Atlantic Club closed in January, taken down in a bankruptcy sale by Caesars Entertainment and Tropicana maui condo rentals plus car Entertainment, who stripped it for parts and closed it to reduce maui condo rentals plus car competition.
Thursday night, when he revealed that Caesars planned to issue warning notices to Showboat workers that the casino might close, McDevitt called the company s threat to close a profitable casino a criminal act.
In addition maui condo rentals plus car to the Showboat, Caesars maui condo rentals plus car Entertainment owns Harrah s Resort Atlantic City, which ranks second to the Borgata in the amount of money won from gamblers each month, Caesars Atlantic City, and Bally s Atlantic City. It also owns a casino maui condo rentals plus car in neighboring Pennsylvania.
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