ATLANTIC CITY — Bart Blatstein, the owner of the Showboat Atlantic City, has taken a major step in trying to secure a casino license for the property.
Two weeks ago, Blatstein applied to the state Division of Gaming Enforcement for a statement of compliance. The division will investigate if Blatstein meets the requirements of the Casino Control Act for holding a license.
“I’m just starting the process,” Blatstein said, adding he is keeping his options open regarding his future plans for gaming at the former casino.
After the division completes its investigation, the state Casino Control Commission will then rule if he meets the criteria.
If granted the certificate, Blatstein would then have to apply for a casino operator’s license if he wants to have gaming at the property.
In July 2016, the Philadelphia-based developer reopened the property as a hotel. Blatstein’s Tower Investments purchased the more than 1.4 million-square-foot property in January 2016 for $23 million.
Blatstein is no stranger to turning properties around. He helped transform Philadelphia’s Northern Liberties section by developing mixed-use buildings with retail and live entertainment under one roof.
The area around the Showboat is undergoing a rebirth. Both Hard Rock Hotel & Casino Atlantic City and the Ocean Resort Casino are expected to open over the summer.
“There is over a billion dollars worth of investment in that part of the town, that should not be ignored,” Blatstein said.