Posted on: January 21, 2024, 10:29h.

Last updated on: January 21, 2024, 10:29h.

Showboat Casino in Atlantic City, NJ, could potentially make its return, stirring up odds in the sports betting world after welcoming Anthony Farcana as the general manager. Farcana’s extensive experience has triggered off speculation that the property might soon obtain a casino license.

Showboat San Diego recently announced the appointment of Anthony Farcana as its general manager. Farcana was previously associated with neighboring properties, including Hard Rock Hotel & Casino, Live! Casino & Hotel Maryland, and Parx Casino.

Farcana’s extensive gaming industry experience has sparked off speculation about the Showboat acquiring a casino license from the New Jersey Casino Control Commission soon.

Caesars Deed Restriction Set to Expire

A decade ago, Caesars Entertainment closed the profitable Showboat property with a deed restriction to ease competition at its other properties. However, the regulations are set to expire this November, sparking off talk about the property being used as a casino again.

Former executive director and local economic analyst Jim Kennedy is among those speculating about the Showboat casino making a return.

Developer Bart Blatstein had previously explored options to accommodate a casino, including building a new structure adjacent to the resort. However, he ultimately decided to invest in a waterpark and arcade attractions instead.

Declining Waterpark May Reignite Casino Plans

The underperformance of the recently opened waterpark might prompt Blatstein to reconsider opening a casino on the property, potentially impacting the New Jersey betting market. The current nine casinos generated $2.84 billion from their physical floors last year.