showboat casino atlantic city robbery shooting

Other aspects of the plans are on a similarly ambitious schedule: he says the indoor arcade, to be named “Lucky Snake,” will open on May 15. There also will be tax breaks on construction materials used for the project.īlatstein said he hopes to break ground on the water park by the end of May. The CRDA approved designation of the water park project as an entertainment retail district, which entitles it to an annual rebate of up to $2.5 million in sales tax generated by it for 20 years. They are separate from the $100 million water park at the site which the agency approved for a tax incentive plan last December. Tuesday afternoon, a state agency, the Casino Reinvestment Development Authority, approved indoor and outdoor entertainment plans for the Showboat. His purchase and renovation of the former Pier Shops at Caesars in Atlantic City into an entertainment-shopping facility called The Playground fizzled he eventually sold it back to Caesars Entertainment, he said, in order to fully concentrate on the Showboat. The closures mean job losses for about 8,000 people.‘A surge of determination': Atlantic City electric workers remain on strike for 4th day straightĪlthough he has successfully developed numerous projects in Philadelphia, not everything Blatstein touches has turned to gold.

'With competition from other outlets in neighboring states, including casinos operated by Native American tribes, gambling revenue in Atlantic City has plunged by nearly half from its high of $5.2 billion in 2006, although revenues ticked up a bit in June,' Greenblatt wrote. The Atlantic Club closed in January.Īs Alan Greenblatt reported last month, 'Atlantic City began the year with a dozen casinos in operation but will may soon be down to eight.' The Trump Plaza Hotel and Casino is expected to close Sept. The casino's closure will be followed tomorrow by the shutdown of Atlantic City's newest addition: The Revel, which was built at a cost of more than $2 billion. The Associated Press reports: 'The Showboat's owner, Caesars Entertainment, closed the still-profitable casino to reduce the number of casinos in Atlantic City, which has been struggling with plunging revenue and increased competition in the saturated northeastern U.S.

Showboat casino atlantic city robbery shooting