But a competing deed restriction among casinos in the area prohibited the Showboat from being used as anything other than a first-class casino hotel. The company acted in the name of reducing competition in what it considered an oversaturated market, putting 2,000 workers out of jobs.Ĭaesars also placed a deed restriction on the Showboat, prohibiting a future buyer from reopening it as a casino.
31, 2014, the second of four Atlantic City casinos to close that year. Caesars Entertainment closed the still-profitable Showboat casino-hotel on Aug.
