Caesars Says Will Close Showboat Casino On Aug. 31

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Casino contraction hit Atlantic City for the second time this year, as the parent company of the Showboat Casino Hotel announced Friday it will close the Mardi Gras-themed casino on Aug. 31. Caesars Entertainment told The Associated Press on Friday morning the company will shutter the poorest-performing of its four Atlantic City casinos. CEO Gary Loveman said in a statement that the "difficult decision" is necessary to protect the rest of its business in Atlantic City, where it currently owns four of the 11 casinos. http://news.yahoo.com/caesars-says-close-showboat-casino-aug-31-193215348.html http://www.wochit.com