We originally thought that Stockton University was going to operate an island based campus and private hotel at the property formerly known as Showboat. That operation was delayed due to a 1988 covenant, which required the property to operate as a casino. Today, things could get even more interesting.
As a bankruptcy court judge approved the sale of Revel to a Florida real estate developer, Stockton University students protested in front of its neighbor over Trump Entertainment's disapproval of turning Showboat into a college campus.
Harry Hurley has learned and confirmed that Trump Taj Mahal Casino Resort employees have received amended federal WARN notices and the casino could close in December.
With the closing of Revel and Showboat upon us, and Trump Plaza closing on Sept 15th, Atlantic City is getting prepared for the mass amount of people that will be out of work.
There's a small glimmer of hope for the thousands of soon-to-be out-of-work employees at Showboat -- Caesars is showing the casino to an "interested party."
Earlier this week, Revel announced it would be closing its doors by September 10th. We now know exactly when Revel will close and it's before that date.