But is also is likely to further dilute the already-lower earnings of the city’s casinos.īlatstein bought the complex, which at the time was called The Pier Shops at Caesars, for $2.7 million from Caesars Entertainment, and reopened it as The Playground in June 2015. Re-expanding the Atlantic City casino market to 10 properties would continue a trend of added gambling revenue and employment. The fourth casino, the Atlantic Club, was sold last year to a New York firm that plans to reopen it as a non-gambling hotel. Two others that also closed in 2014 - the Trump Taj Mahal and Revel - reopened in 2018 under new brands, the Taj Mahal as Hard Rock and Revel as the Ocean Casino Resort. Should he succeed in restoring gambling there, the Showboat would become Atlantic City’s 10th casino. He said on Tuesday “nothing has changed” regarding his plans for the Showboat.
