All bets are off after Showboat shuts down

By Wayne Parry, Associated Press 8:20am, September 1, 2014 - Updated 2:21pm, September 1, 2014
(Photo courtesy of NBC 10)
The show has ended for the Showboat Casino Hotel in Atlantic City.

The Mardi Gras-themed casino shut down at 4 p.m. Sunday after 27 years on the Boardwalk.

Owner Caesars Entertainment is closing the still-profitable Showboat to reduce the number of casinos in Atlantic City, which has been struggling with plunging revenue and increased competition.

Caesars will still own three other casinos in Atlantic City.

The seaside gambling resort began the year with 12 casinos, but before summer is over, it will be down to eight.

Revel will begin a two-day shutdown Monday, Trump Plaza is closing Sept. 16, and the Atlantic Club closed in January.

Nearly 8,000 casino workers will have lost their jobs.

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