Caesars may sell Showboat Casino - FOX 13 News

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>>

  • Jets eliminating paper season tickets

    Jets eliminating paper season tickets

    Tuesday, July 22 2014 2:04 PM EDT2014-07-22 18:04:58 GMT
    The New York Jets are doing away with paper tickets for season ticket holders, while offering those fans a rewards plan for showing up regularly and behaving properly.
    The New York Jets are doing away with paper tickets for season ticket holders, while offering those fans a rewards plan for showing up regularly and behaving properly.
  • 2 upper level GWB east lanes closed for repairs

    2 upper level GWB east lanes closed for repairs

    Tuesday, July 22 2014 1:19 PM EDT2014-07-22 17:19:59 GMT
    Workers have closed two upper level eastbound lanes on the George Washington Bridge for emergency repairs. The closures affect New York City bound motorists. Officials expect the lanes will remain closed until 3 p.m. Tuesday. Motorists heading into New York City should use the lower level or consider alternate Hudson River crossings.
    Workers have closed two upper level eastbound lanes on the George Washington Bridge for emergency repairs. The closures affect New York City bound motorists. Officials expect the lanes will remain closed until 3 p.m. Tuesday. Motorists heading into New York City should use the lower level or consider alternate Hudson River crossings.
  • Funeral held for NJ cop killed in crash

    Funeral held for NJ cop killed in crash

    Thousands gathered in northern New Jersey on Tuesday to remember Police Officer Christopher Goodell.   SkyFox HD was over the funeral procession into St. Luke's Church in Ho-Ho-Kus. Mourners including police officers from across the state lined the driveway of the church as the service began for the Waldwick officer killed by a tractor-trailer last week.
    Thousands gathered in northern New Jersey on Tuesday to remember Police Officer Christopher Goodell.   SkyFox HD was over the funeral procession into St. Luke's Church in Ho-Ho-Kus. Mourners including police officers from across the state lined the driveway of the church as the service began for the Waldwick officer killed by a tractor-trailer last week.
Powered by WorldNow

FOX 13 / WTVT-TV
3213 West Kennedy Blvd.
Tampa, Florida 33609
Main: (813) 876-1313
Newsroom: (813) 870-9630
Fax: (813) 871-3135

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