ATLANTIC CITY — The CEO of Caesars Entertainment says Atlantic City has too many casinos and one or more of them needs to close.
During an earnings conference call on Wednesday, Gary Loveman said that Atlantic City has been the biggest problem for his global casino company for the last several years and that one option is to reduce capacity. But what he didn't specify — and what Caesars would not clarify afterward — was whether one of its four Atlantic City casinos should close or whether it might seek to buy one of the seven casinos owned by other companies and put it out of business, like it did in January with The Atlantic Club Casino Hotel.
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Caesars’ CEO says Atlantic City has too many casinos
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