Caesars to Close Showboat Atlantic City

    Caesars Entertainment Corp. said Friday that it plans to close the Showboat casino-hotel in Atlantic City later this summer. It will be the second Atlantic City casino to close this year, joining the Atlantic Club, which shut down in January. The news comes on the heels of Revel, Atlantic City’s $2.4 billion casino, filing for bankruptcy protection for the second time in two years. New Jersey Gov. Chris Christie initiated a five-year plan in 2011 to revive the Atlantic City gambling industry and reposition the struggling seaside resort. Read more over at the Wall Street Journal.

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