Another Atlantic City casino is biting the dust.
Philly.com reports that the Showboat Atlantic City hotel and casino plans to close this summer. Bob McDevitt, president of Unite Here Local 54, said he was notified by Caesars Entertainment that Showboat employees would receive layoff notices Friday.
"For Caesars to close a profitable casino is a criminal act committed upon the citizens of Atlantic City," McDevitt told Philly.com.
Showboat's possible closing comes six months after the Atlantic Club shut its doors and a week after the Revel Casino Hotel announced its bankruptcy. Revel has announced it will close if it does not find a buyer by Aug. 18.
Caesars, meanwhile, is saddled with a gaming industry high $23 billion in long-term debt.
> Latest Headlines
The stories that are the news.
> Daily News
In depth coverage of the news that
affects the gaming enthusiast.
> Featured Articles
Articles by RGT's featured writers.
> Vegas News
Tales from Sin City.
> Investor News
Press releases and Investor info.
> Casino City's Online Poker Directory
The web's most comprehensive online
> Advanced Search
Check our archives for past articles.