The Economic Impact of Casino Closings

Showboat Gets OK to Close This Month

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    NEWSLETTERS

    AFP/Getty Images
    The Showboat hotel in Atlantic City, New Jersey, is pictured 24 May 2007. The hotel includes 1,329 guest rooms. Gambling has been legal in Atlantic City, one of the few such cities in the United States, since the first casino opened in 1978.

    New Jersey regulators have given final approval for Atlantic City's Showboat Casino Hotel to shut down on Aug. 31.

    The Gaming Enforcement Division's action comes as a state senator pushes a constitutional amendment to put slot machines at the state's four horse racing tracks.

    Division Director David Rebuck signed an order Monday night authorizing the Showboat to shut down at 4 p.m. on Aug. 31.

    It's one of three Atlantic City casinos closing in the next few weeks.

    Revel will close its hotel Sept. 1 and its casino Sept. 2, and Trump Plaza is closing Sept. 16.

    Senator Joe Pennacchio's proposal would have voters decide whether to amend the state constitution to put slots at the tracks, run by a group of Atlantic City casinos.