Caesars to shut Showboat Atlantic City casino-hotel

Caesars [formerly Harrah's] salivated to invade the Massachusetts market at Suffolk Downs and now has a pending lawsuit against the Gambling Commission.



Caesars to shut Showboat Atlantic City casino-hotel

Jun 27 2014, 10:30 ET | About: Caesars Entertainment (CZR)

• Caesars Entertainment (CZR +0.2%) says it will close the Showboat Atlantic City casino-hotel this summer, citing the high property-tax burden and increased competition in Atlantic City.
• CZR hasn't decided what to do with the property or land, which has a prominent position on the Atlantic City boardwalk.
• Despite the closure, CZR says it would remain the largest operator in Atlantic City, and it is developing a new meetings facility in the area as well as other revitalization efforts.

http://seekingalpha.com/news/1821053-caesars-to-shut-showboat-atlantic-city-casino-hotel?source=email_rt_mc_readmore&uprof=46