\nATLANTIC CITY, N.J. (AP) \u2013 Caesars Entertainment is showing the soon-to-close Showboat Casino Hotel to \u201can interested party,\u201d but won\u2019t say who it is.<\/p>\n
\tCompany spokesman Gary Thompson told The Associated Press that Caesars officials were showing the Showboat on Tuesday afternoon to a party that had expressed interest. The casino is due to close on Sunday, one of three Atlantic City casinos shutting down over the next few weeks, along with Revel and Trump Plaza.<\/p>\n
\t\u201cWe continue to review inquiries from potential purchasers and, in fact, are conducting a tour of the property with an interested party today,\u201d Thompson told the AP. \u201cNot much more I can say at this point, as things can change very quickly.\u201d<\/p>\n
\tHe could not immediately say whether the interested party is considering operating the Showboat as a casino, or as a non-gambling facility after it has closed down.<\/p>\n
\tCaesars has said repeatedly there are too many casinos in Atlantic City, and has worked to reduce that number. It bought the former Atlantic Club in a bankruptcy court sale last December with Tropicana Entertainment, shut it down in January and sold it to a Florida company which plans to run it as a non-casino hotel. That same firm, TJM Properties, also bought the former Claridge Casino hotel from Caesars, and is running that as a non-casino hotel, as well.<\/p>\n
\tWhen it announced it was closing the Showboat, Caesars said it was acting to reduce the number of casinos in Atlantic City, which began the year with 12, but will have only eight before summer\u2019s end.<\/p>\n
\tThe company has drawn fire from political and labor groups for placing deed restrictions on former casinos that it sells, preventing a purchaser from operating them as casinos.<\/p>\n
\tAtlantic City Mayor Don Guardian said earlier in the day he knows of no potential developments that would prevent Showboat from shutting down Sunday, or that would delay Revel\u2019s two-day shutdown Sept. 1 and 2. Trump Plaza is shutting down Sept. 16.<\/p>\n
\tThe state\u2019s Gaming Enforcement Division has already issued a closing order for Showboat, which is due to shut its doors at 4 p.m. Sunday.<\/p>\n
\tAnd Caesars Entertainment has already charged some employee severance costs against the company\u2019s quarterly earnings, and classified Showboat as a \u201cdiscontinued operation\u201d in a filing with the U.S. Securities and Exchange Commission.<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
ATLANTIC CITY, N.J. (AP) \u2013 Caesars Entertainment is showing the soon-to-close Showboat Casino Hotel to \u201can interested party,\u201d but won\u2019t say who it is. Company spokesman Gary Thompson told The Associated Press that Caesars officials were showing the Showboat on…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7923","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7923"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7923\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}