Caesars Entertainment to shut Showboat Atlantic City casino

June 27 Fri Jun 27, 2014 9:41am EDT

June 27 (Reuters) - Casino operator Caesars Entertainment Corp said it will shut its Showboat Atlantic City casino in August due to falling revenue and high property tax in Atlantic City.

Caesars said it is offering assistance to the displaced Showboat employees, including providing preference for available positions at its other Atlantic City properties. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian)