Caesars may sell Showboat Casino - FOX 29 News Philadelphia | WTXF-TV

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>>

  • Federal authorities to monitor Newark police

    Federal authorities to monitor Newark police

    Tuesday, July 22 2014 9:37 PM EDT2014-07-23 01:37:12 GMT
    Newark police engaged in the excessive use of force, routinely stopped people on the street for no legitimate reason and regularly stole property from civilians, the U.S. Department of Justice concluded in a report released Tuesday that set the stage for federal monitoring of the police department that serves New Jersey's largest city. The report is the culmination of a three-year investigation begun months after the American Civil Liberties Union filed a complaint.
    Newark police engaged in the excessive use of force, routinely stopped people on the street for no legitimate reason and regularly stole property from civilians, the U.S. Department of Justice concluded in a report released Tuesday that set the stage for federal monitoring of the police department that serves New Jersey's largest city. The report is the culmination of a three-year investigation begun months after the American Civil Liberties Union filed a complaint.
  • Anaconda sightings in Lake Hopatcong reported

    Anaconda sightings in Lake Hopatcong reported

    Tuesday, July 22 2014 5:59 PM EDT2014-07-22 21:59:16 GMT
    Boaters in Lake Hopatcong in New Jersey are keeping an eye out for an unwanted visitor lurking underwater: a 14- or 15-foot-ong snake, possibly a green anaconda. Several people have seen the reptile, which has probably holed up in a drain pipe. Reptile specialists are also searching the lake for signs of the snake. So far no more sightings have been reported.
    Boaters in Lake Hopatcong in New Jersey are keeping an eye out for an unwanted visitor lurking underwater: a 14- or 15-foot-ong snake, possibly a green anaconda. Several people have seen the reptile, which has probably holed up in a drain pipe. Reptile specialists are also searching the lake for signs of the snake. So far no more sightings have been reported.
  • Search for masked robbers in Caesars heist

    Search for masked robbers in Caesars heist

    Tuesday, July 22 2014 3:28 PM EDT2014-07-22 19:28:51 GMT
    The hunt is on in southern New Jersey for two suspects who made off with more than $180K from Caesars Atlantic City casino. The brazen robbers reportedly stole the cash from two plastic boxes on the casino floor. The robbery occurred on Monday at about 6 a.m. The masked robbers took off in a vehicle. The State Police Casino Gaming Bureau is handling the investigation.
    The hunt is on in southern New Jersey for two suspects who made off with more than $180K from Caesars Atlantic City casino. The brazen robbers reportedly stole the cash from two plastic boxes on the casino floor. The robbery occurred on Monday at about 6 a.m. The masked robbers took off in a vehicle. The State Police Casino Gaming Bureau is handling the investigation.
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

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