Caesars Ponders Closing Atlantic City Casinos
ATLANTIC CITY, NJ - JULY 8: The roulette wheel spins at Caesars Atlantic City July 8, 2006 in Atlantic City, New Jersey. Caesars, along with Atlantic City's 11 other casinos reopend this morning after they were forced to close their gambling floors for the first time in their 28-year history due to the New Jersey state budget impasse. (Photo by William Thomas Cain/Getty Images)
Updated at 5:09 PM EST on Thursday, May 8, 2014
Could this be the end for Caesars, Bally’s, Harrah’s and Showboat? In a conference call with investors, CEO Gary Loveman said he's "looking at all of our options to reduce the cost of doing business" in Atlantic City, according to Bloomberg.
Loveman stopped short of saying that he's overtly trying to close one of the casinos but said that "all the businesses in A.C. are under tremendous pressure" and that "in some cases reducing supply is the right answer." Read more about this story on PBJ.com.
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