Caesars may consider Atlantic City closures
9 May 2014
ATLANTIC CITY, New Jersey -- Caesars may contemplate closing some Atlantic City casinos as an option to deal with market challenges, according to a Bloomberg report.Bloomberg reported that CEO Gary Loveman commented on the pressure on their Atlantic City properties during a conference call.
Loveman also remarked that reducing the supply of casinos is sometimes necessary, according to the Bloomberg report.
The company owns four casinos in Atlantic City currently.