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Caesars confirms closure of Showboat Atlantic City

27th June 2014 1:54 pm GMT

US casino operator Caesars Entertainment Corporation has confirmed that it will close the Showboat Atlantic City, one of its four venues in New Jersey, due to falling revenue and high property tax rates.

Caesars confirmed Friday that the venue will remain fully operational until Sunday August 31st, when it closes its doors for the final time.

The company’s chairman and chief executive Gary Loveman explained that while he regretted the impact it would have on the venue’s staff [...]

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