Hotels near Harrah's / The Linq Station.Hotels near Las Vegas Convention Center.DoubleTree by Hilton Hotels in Las Vegas.The Associated Press contributed to this report. This material may not be published, broadcast, rewritten, or redistributed. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc.

Chris Christie called 2014 a 'pivotal' year for struggling Atlantic City casinos and said 'we have to start showing significant results.'Ĭheck Out These Other Stories From : It also owns a casino in neighboring Pennsylvania. In addition to the Showboat, Caesars Entertainment owns Harrah's Resort Atlantic City, which ranks second to the Borgata in the amount of money won from gamblers each month, Caesars Atlantic City, and Bally's Atlantic City.

Guests with reservations after that date will be assisted in finding new accommodations, Loveman said. 'There is a pain as we get through this transition, but it's critical that Atlantic City realizes that we're no longer the monopoly on the East Coast for gaming,' Guardian said.Ĭaesars said the Showboat will remain fully operational until Aug. The dynamic in Atlantic City has led us to the difficult but necessary decision to close Showboat. 'Since 2006, revenue in Atlantic City has declined by more than $3 billion and competition in the city has increased. 'While we regret the impact that this decision will have on our Showboat associates, we believe this is a necessary step to help stabilize our business in Atlantic City and support the viability of our remaining operations in the vicinity,'' he said. 31.Ĭaesars Entertainment said Friday morning the company will shutter the poorest-performing of its four Atlantic City casinos.ĬEO Gary Loveman said in a statement that the 'difficult decision'' is necessary to protect the rest of its business in Atlantic City, where it currently owns four of the 11 casinos. (CBSNewYork/AP) - Casino contraction hit Atlantic City again Friday, as the parent company of the Showboat Casino Hotel announced it will close the Mardi Gras-themed casino on Aug.

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