Tower Investments reached a new settlement agreement with Stockton University for the former Showboat Casino on the Atlantic City Boardwalk after purchasing the property for $22M from the university last year. The new agreement prices the property at $23M.
Now Tower Investments CEO Bart Blatstein is considering his options for the property, both gaming and non-gaming, reports the Philadelphia Business Journal. Options include reopening the casino, time shares, office and entertainment. [PBJ]
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