Las Vegas-based Showboat Inc. opened the property with 516 hotel rooms and a 60,000-square-foot casino in March 1987 at a cost of $235 million. In 1998, Showboat Inc. was acquired by Harrah’s (now Caesars) Entertainment for $1.2 billion.
Sunday, August 31, 2014
Showboat AC closes on August 31
The Showboat Casino in Atlantic City closed on August 31st of 2014. Caesars Entertainment runs Showboat and three other Atlantic City casinos (Bally’s, Harrah’s and Caesars). The casino was profitable but Caesars Ent. wanted to stabilize their business in Atlantic City which has been struggling. No future plans for the property have been announced. This follows the closure of their Harrah's Casino in Tunica Mississippi which sits empty now.
Las Vegas-based Showboat Inc. opened the property with 516 hotel rooms and a 60,000-square-foot casino in March 1987 at a cost of $235 million. In 1998, Showboat Inc. was acquired by Harrah’s (now Caesars) Entertainment for $1.2 billion.
Las Vegas-based Showboat Inc. opened the property with 516 hotel rooms and a 60,000-square-foot casino in March 1987 at a cost of $235 million. In 1998, Showboat Inc. was acquired by Harrah’s (now Caesars) Entertainment for $1.2 billion.
