Caesars Ponders Closing Atlantic City Casinos

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

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