The Showboat and Revel Casinos in Atlantic City shut their doors for the time that is final Labor Day weekend. (Image: CapitalOTC.com)
It was the conclusion of the road for Revel and Showboat this week-end due to the fact two Atlantic City casinos shut their doors for good. For casinos in this seaside resort town, Labor Day can be quite a celebratory time of the year. The standard ‘end of summer’ in the usa, the three-day weekend must be a booming time for the brand new Jersey gambling hub, as both gamblers and tourists can come to enjoy a three-day week-end and some great coastline climate.
But also for these two casinos within the beleaguered city, this 12 months’s Labor Day weekend marked the curtain that is final. The Showboat Casino ended a run that is 27-year Atlantic City on Sunday, while the Revel began their two-day shutdown on Monday. The two closures provides the number of casinos into the city down seriously to nine, a number that will drop to eight when the Trump Plaza resort closes later this month.
Showboat Closed Despite Staying Profitable
The Showboat Casino resort ended up being one of four casinos in Atlantic City owned by Caesars Entertainment (Bally’s Atlantic City, Caesars Atlantic City and Harrah’s Resort Atlantic City being the other three), and for the company, that was just one too many within the shrinking market. They hope that closing one casino will gain the remaining three. But tha (more…)