The Showboat and Revel Casinos in Atlantic City shut their doorways for the final time over Labor Day week-end. (Image: CapitalOTC.com)
It was the end of the road for Revel and Showboat this as the two Atlantic City casinos closed their doors for good weekend. For casinos in this seaside resort town, Labor Day is generally a time that is celebratory of year. The standard ‘end of summer’ in the us, the three-day weekend is a booming time for the brand new Jersey gambling hub, as both gamblers and tourists may come to savor a three-day weekend plus some great coastline weather.
But also for these two casinos in the beleaguered city, this year’s Labor Day weekend marked the curtain that is final. The Showboat Casino ended a 27-year run in Atlantic City on Sunday, while the Revel began their two-day shutdown on Monday. The 2 closures provides the number of gambling enterprises in the city right down to nine, lots that will drop to eight if the Trump Plaza resort closes later this month.
Showboat Closed Despite Remaining Successful
The Showboat Casino resort was 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 in the shrinking market. They hope that closing one casino shall benefit the remaining three. But that does not sit well with numerous employ Read More