ATLANTIC CITY, NJ—Latitude 360, a Jacksonville, FL-based restaurant and entertainment development firm, is considering a possible purchase of the shuttered Showboat Casino here.
Company officials say that the Showboat is one of three Atlantic City sites it has under consideration for a $20-million non-gaming investment, according to the Associated Press.
Latitude 360 CEO Brent Brown says he has toured the former casino, which closed on Aug. 31, and has held discussions with Showboat owner, Caesars Entertainment.
"We feel Atlantic City is a perfect location for us," Brown says. "The food and beverage component there is very strong."
Caesars officials state in connection with Latitude 360's interest in the property, "We have consistently said that we would entertain reasonable offers for the property from credible buyers with access to the required capital. Our position on this has not changed."
Latitude 360 is reportedly the second firm to express interest in the Showboat. Atlantic Properties Group of Vineland, NJ, had considered a smaller casino use for the property. See story in the Miami Herald.
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