Deals
Caesars Closes Atlantic City Casino Amid Decline in Revenue
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Caesars Entertainment Corp., the largest operator of U.S. casinos, will shutter its Showboat property in Atlantic City to reduce capacity in the East Coast gambling hub amid a persistent decline in revenue.
“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,” Chief Executive Officer Gary Loveman said in a statement today, announcing the casino’s closure effective Aug. 31.