Blatstein bought the Showboat in January 2016 for $23 million and has operated it as a non-gaming hotel since July of that year. He also received approved last year to transform four hundred hotel rooms into 264 apartments, leaving 785 hotel rooms. That construction should be done in May.

The Showboat would be the third revived property in Atlantic City following Hard Rock at the site of the former Trump Taj Mahal and Ocean Resort at the former Revel.

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