The Richard Stockton College is buying the former Showboat casino and plans to use it as a satellite campus.
A Florida company that develops restaurant and entertainment complexes is interested in the former Showboat casino in Atlantic City.
It was the tale of two cities Wednesday in Atlantic City with Miss America contestants strutting on the boardwalk and laid- off casino workers filling out unemployment applications at the Convention Center.
New Jersey casino regulators have given final approval to Trump Plaza’s plan to shut down in two weeks.
Today, Revel will close its doors — a day after Showboat padlocked the place.
The Showboat will close Sunday followed by the Revel on Monday with the Trump Plaza slated to close in mid-September affecting nearly 6,000 workers.
A Wall Street firm predicts much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they’re gone.
The word came a day after Caesars officials conducted a tour of the Showboat with what they described as “an interested party.”
“We want to make it clear this is a prayer service and not a funeral for the city,” said President of Unite Local 54, Bob McDevitt.
New Jersey’s Division of Gaming Enforcement issued its final closing order for the Showboat on Monday night; the casino will shut down at 4 p.m. on Aug. 31.
Before summer ends, Revel, Trump Plaza, the Showboat and the Atlantic Club will be shuttered ex-casinos, leaving Atlantic City officials looking for a way to avoid having dark, empty shells on its signature Boardwalk.
Atlantic City’s newest casino is shutting its doors just over two years after opening amid high hopes of turning around the crumbling seaside resort’s gambling market.
The rapid disintegration of Atlantic City’s casino market might be an early indicator of what could happen in other parts of the country that have too many casinos.
The announcement of Trump Plaza’s plans to close in mid-September is just another blow to Atlantic City’s largest casino workers union.
The parent company of the Showboat Casino Hotel said Tuesday it would consider selling the property to another casino operator if it made a reasonable offer and could be licensed.