Showboat is on the Ropes
The next stunning rumor to surface in AC last week was circulated discretely among gaming industry insiders. The facts have yet to unfold, publicly, but according to a highly respected gaming lawyer with close ties to the powers that be at Caesars, the largest casino stakeholder in New Jersey has decided to close or sell its Atlantic City Showboat property.
Governor Chris Christie and casino regulators are now forced to consider the impact of a lot more jobs in peril—beyond the floundering Atlantic Club Casino and Hotel—which is depending on the anticipated PokerStars bailout option.
Does this put more pressure on regulators to embrace PokerStars and
the boatload of cash it is reportedly ready to lay out in this
economically ailing state? Political pundits and gaming industry
insiders are beginning that analysis.