![]() "Since 2006, revenue in Atlantic City has declined by more than $3 billion and competition in the city has increased. "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. 31.Ĭaesars Entertainment told The Associated Press on Friday morning the company will shutter the poorest-performing of its four Atlantic City casinos.ĬEO Gary Loveman said in a statement that the "difficult decision" is necessary to protect the rest of its business in Atlantic City, where it currently owns four of the 11 casinos. Casino contraction hit Atlantic City for the second time this year, as the parent company of the Showboat Casino Hotel announced Friday it will close the Mardi Gras-themed casino on Aug. ![]() Parent company Caesars made the announcement Friday morning that the casino will be shutting its doors at the end of the summer.ĪTLANTIC CITY, N.J.
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