Caesars will still own three other casinos in Atlantic City.

Its owner, Caesars Entertainment, is closing the still-profitable Showboat to reduce the number of casinos in Atlantic City, which has been struggling with plunging revenue and increased competition. The Mardi Gras-themed casino is shutting down at 4 p.m. _įollow Wayne Parry on Twitter at CITY - The show is ending for the Showboat Casino Hotel in Atlantic City. The Meadowlands Racetrack in East Rutherford, just outside New York City, won $47.7 million from sports bets, up 24.2% from a year earlier Monmouth Park in Oceanport, near the Jersey Shore, won nearly $2.2 million, up nearly 282% from a year earlier and Freehold Raceway won $1.6 million, down 38.4%. Of that total, $87.5 million was kept as revenue after paying off winning bets and other expenses. New Jersey casinos and horse tracks took in nearly $1.1 billion worth of bets in January, led by wagers on the NFL playoffs and the NBA. The results indicate that the Atlantic City casino industry “is still very much in a rebuilding and recovery phase from where it was three years ago,” Mark Giannantonio, president of Resorts Casino and president of the Casino Association of New Jersey, said in an email. Only three of the nine casinos won more from in-person gamblers in January than they did four years ago: Borgata, Hard Rock and Ocean. Including internet and sports betting revenue, Borgata won $105.9 million, up 14.7% Resorts Digital, the online arm of Resorts casino, won $52.9 million, up 22.5% Golden Nugget won $51.6 million, up 10.1% Hard Rock won $43.2 million, up 2.2% Ocean won $34.6 million, up 31% Tropicana won $24.9 million, down 3.1% Harrah’s won $20 million, up 14.5% Bally’s won $16.4 million, up 63.7% Caesars won $16.3 million, up 2.2% Resorts won $10.8 million, up 14.4%, and Caesars Interactive NJ won $8.2 million, down 17.6%.

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