News From The Casino Scene

New Jersey College Wants to Buy Showboat Casino

New Jersey College Wants to Buy Showboat Casino

A College from Southern New Jersey has announced that they are planning on buying the closed down Showboat Casino in Atlantic City from Caesars Entertainment and turn it into a campus branch. The Richard Stockton College is the college who is interested in purchasing the property and may be successful.


"Our intent is to engage in a project that enhances Stockton's educational growth, offerings and cost-containment while at the same time brings new educational opportunities to Atlantic City," Herman Saatkamp, Stockton College President said.


According to Reuters, Stockton College has been interested in purchasing a casino property for a long time with plans of turning it into a campus, with the Atlantic Club being the first property they had their eyes on.


In 2010 the college purchased the Seaview Resort in Galloway Township, New Jersey, for a small price of $20 million. Here the college trains students in different kinds of hospitality and generates revenues for the college by housing students.

News by Daniel Allermand
Daniel Allermand - Reporter

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.


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