In his announcement, the developer said, 'There’s a lot more coming. Blatstein re-opened Showboat just this past July as a hotel sans casino. Though the original plan for Stockton University to turn the Showboat into a dormitory, it ultimately sold the property to Philly developer Bart Blatstein in 2016 for $23 million. It is, however, one of the two casinos that’s seeing some new life on this list. Yet in the summer of 2014 owner Caesars Entertainment announced it would close the Showboat in order to 'stabilize their other Atlantic City properties.' For the most part, the resort had a successful tenure, despite changing ownership multiple times and undergoing multiple renovations and expansions. The Showboat opened in 1987 with a 60,000-square-foot casino and a bowling alley. Philly developer Bart Blatstein bought the property and has re-opened it as a hotel. The Showboat Casino closed in August 2014. The closure also marks the last remaining link to Trump's reign over Atlantic City during the 1990s when he owned three casinos on the boardwalk.Īs the Trump Taj Mahal takes its final bow, here is a look back at the five casino resorts of the Atlantic City boardwalk, from start to finish. Regardless of who's or what is to blame, the closing of the grand casino resort is a blow to the already struggling town that itself has teetered on the brink of bankruptcy since 2015. Yet despite plans to invest $100 million in renovations, Icahn said the recent month-long strike by union workers employed by the resort was to blame for the casino’s closure, according to the Press of Atlantic City.Ĭritics and employees say Icahn is just pointing fingers. Four casinos shuttered within that year, all but ending the resort town’s history as the ritzy gambling mecca of the Mid-Atlantic.īillionaire owner Carl Ichan bought Donald Trump’s remaining 10 percent ownership stake of Trump Taj Mahal in January 2016, saving the casino resort from bankruptcy. Yesterday’s announcement makes the casino, once dubbed the 'eighth greatest wonder in the world,' the fifth to close in Atlantic City since 2014.

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