Caesars may sell Showboat Casino - DC News FOX 5 DC WTTG

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>>

  • Park Service bans drones over Appalachian Trail

    Park Service bans drones over Appalachian Trail

    Thursday, August 21 2014 8:25 AM EDT2014-08-21 12:25:02 GMT
    The National Park Service has banned drones from flying over the Appalachian Trail. The Park Service said Wednesday the interim rule prohibits launching, landing or operating unmanned aircraft from or on Appalachian National Scenic Trail lands. The ban takes effect immediately and lasts until the Park Service can develop an appropriate policy. 
    The National Park Service has banned drones from flying over the Appalachian Trail. The Park Service said Wednesday the interim rule prohibits launching, landing or operating unmanned aircraft from or on Appalachian National Scenic Trail lands. The ban takes effect immediately and lasts until the Park Service can develop an appropriate policy. 
  • Man punched in face in knockout assault

    Man punched in face in knockout assault

    Thursday, August 21 2014 6:55 AM EDT2014-08-21 10:55:16 GMT
    The so-called 'knockout game' where a person punches another unsuspecting person has made its way to Hackensack, New Jersey. Police say one assailant attacked three people all in the same day. Surveillance video shows the athletically built suspect punch a man in the face and stroll away. The man fell to the ground. Two other assaults took place within less than 15 minutes in the areas of Essex Street, Summit Avenue and Beech Street on Monday night.
    The so-called 'knockout game' where a person punches another unsuspecting person has made its way to Hackensack, New Jersey. Police say one assailant attacked three people all in the same day. Surveillance video shows the athletically built suspect punch a man in the face and stroll away. The man fell to the ground. Two other assaults took place within less than 15 minutes in the areas of Essex Street, Summit Avenue and Beech Street on Monday night.
  • Atlantic City police get body cameras

    Atlantic City police get body cameras

    Thursday, August 21 2014 6:36 AM EDT2014-08-21 10:36:31 GMT
    Atlantic City police officers have started wearing body cameras. About five officers a shift will be equipped with the devices, which record video and audio after an officer activates the device. The video is uploaded after the officer's shift ends.
    Atlantic City police officers have started wearing body cameras. About five officers a shift will be equipped with the devices, which record video and audio after an officer activates the device. The video is uploaded after the officer's shift ends.

Powered by WorldNow
Untitled

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices