Caesars may sell Showboat Casino - Fox 2 News Headlines

Atlantic City

Caesars may sell Showboat Casino

Posted: Updated:
This file photo shows the Showboat Casino Hotel and its House of Blues nightclub in Atlantic City, N.J. (AP Photo/Wayne Parry) This file photo shows the Showboat Casino Hotel and its House of Blues nightclub in Atlantic City, N.J. (AP Photo/Wayne Parry)
ATLANTIC CITY, N.J. (AP) -

The parent company of Atlantic City's Showboat Casino Hotel said that it would consider selling the property to another casino operator if it made a reasonable offer and could be licensed.

Caesars Entertainment spokesman Gary Thompson said Tuesday that the company has received expressions of interest and will do its due diligence if it receives a reasonable offer. Caesars plans to close the Showboat Aug. 31.

Caesars CEO Gary Loveman said last month that closing Showboat was necessary to protect the rest of its business in Atlantic City. It currently runs four of the city's 11 casinos.

The Showboat posted a gross operating profit of nearly $2 million for the first quarter of this year. But that was down from nearly $8.5 million in the first quarter of 2013.

  • New Jersey NewsNew Jersey NewsMore>>

  • Woman gets 20-year prison term for fatal stabbing

    Woman gets 20-year prison term for fatal stabbing

    Sunday, July 27 2014 2:32 PM EDT2014-07-27 18:32:05 GMT
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
  • Friday Night Live: July 25, 2014

    Friday Night Live: July 25, 2014

    Friday, July 25 2014 10:31 PM EDT2014-07-26 02:31:59 GMT
    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this jam-packed episode: QuickChek New Jersey Festival of Ballooning, Stephen "Twitch" Boss, actress Mary Lynn Rajskub, and Michael Chernow and Chef Daniel Holzman of the Meatball Shop.
    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this jam-packed episode: QuickChek New Jersey Festival of Ballooning, Stephen "Twitch" Boss, actress Mary Lynn Rajskub, and Michael Chernow and Chef Daniel Holzman of the Meatball Shop.
  • Maryland casino to interview workers from closing Atlantic City casinos

    Md. casino eyes workers from closing Atlantic City casinos

    Friday, July 25 2014 4:32 PM EDT2014-07-25 20:32:23 GMT
    AP photoAP photo
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices