![]() ![]() It was not immediately clear how or whether those conflicting restrictions were resolved.īlatstein decided against adding another casino to the eight that remain and that are just starting to regain their equilibrium following the devastation of 2014. But a competing deed restriction among casinos in the area prohibited the Showboat from being used as anything other than a first-class casino hotel. The company acted in the name of reducing competition in what it considered an oversaturated market, putting 2,000 workers out of jobs.Ĭaesars also placed a deed restriction on the Showboat, prohibiting a future buyer from reopening it as a casino. 31, 2014, the second of four Atlantic City casinos to close that year. Caesars Entertainment closed the still-profitable Showboat casino-hotel on Aug.
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