Debtor En route to Clearing Wanted Status After Settling $533,000 Owed Debt in Atlantic City
In a positive turn of events, Bart Blatstein's Showboat Hotel in Atlantic City seems to be on the path to financial stability. After facing payment issues and rumours of financial difficulties earlier this year, recent developments suggest an improving financial status.
The most significant milestone was the full repayment of a $500,000+ debt owed to Lee-Way Electrical for electrical services related to work performed at the Showboat parking garage and resort. According to court records, payments from the Showboat to Lee-Way Electrical had stopped in June 2024, leaving an outstanding balance of over $500,000. However, following the issuance of a warrant for Bart Blatstein's arrest by New Jersey Courts Civil Presiding Judge John Porto, Blatstein promptly addressed the issue, stating that the failure to pay was an oversight and that the outstanding amount would be paid immediately. Court records now show that the obligation has been rectified.
Lee-Way Electrical's attorneys confirmed that Blatstein and Tower Investments, the company behind the Showboat, initiated a wire for the amount. This action has helped resolve a significant outstanding financial issue and has likely boosted the hotel's reputation.
The Showboat Hotel's financial recovery is further evidenced by the support it has received from the New Jersey Economic Development Authority. The hotel received a $4.2 million state grant to support its expansion aimed at boosting family-friendly attractions in Atlantic City. This funding and support from the state indicate confidence in the viability and positive community impact of the Showboat.
Despite some disruptions, such as a postponed media tour of the Showboat expansion in July 2025, there is no indication that these were due to financial distress. Bart Blatstein continues to be actively involved in ambitious redevelopment projects in Atlantic City, including a $3 billion redevelopment plan for Bader Field.
The Showboat Hotel, a non-casino hotel focused on families, offers a variety of amenities and attractions. Visitors can enjoy a smoke-free environment, a state-of-the-art gym, an Aura Salon and Spa, an indoor arcade, a go-kart track, mini-golf, the Island Waterpark, and Lucky Snack Arcade. The hotel recently launched a refreshed website with the tagline, "Embark on a Thrilling Vacation for the Whole Family."
For those seeking a beachfront holiday without the pestering sounds of ringing slot machines and casino smoke, the Showboat Hotel might be an attractive option. Despite its past financial troubles, the hotel appears to be on a promising trajectory towards continued success in Atlantic City's economic landscape.
- Bart Blatstein's Showboat Hotel in Atlantic City, initially facing financial difficulties, seems to be stabilizing, following the repayment of a significant debt to Lee-Way Electrical.
- The repayment of over $500,000 owed to Lee-Way Electrical was promptly made by Bart Blatstein and Tower Investments, after an arrest warrant was issued by New Jersey Courts.
- The Showboat Hotel's financial recovery is bolstered by support from the New Jersey Economic Development Authority, with a $4.2 million state grant for family-friendly expansion projects in Atlantic City.
- Bart Blatstein's involvement in Atlantic City's redevelopment projects, such as the $3 billion plan for Bader Field, demonstrates his continued commitment to the city's growth.
- The Showboat Hotel, a non-casino hotel, offers a smoke-free environment, an Aura Salon and Spa, an indoor arcade, a go-kart track, mini-golf, the Island Waterpark, and Lucky Snack Arcade, making it an attractive option for family-focused beach holidays.
- Despite some temporary disruptions, like the postponed media tour of the Showboat expansion in July 2025, there's no evidence to indicate financial distress.
- The Showboat Hotel, located on the boardwalk in Atlantic City, is steering towards continued success in the city's economic landscape, offering thrilling vacation experiences for the whole family.
- In the broader context of Atlantic City, the repayment of debts, state support, and redevelopment projects indicate a positive general-news trend for the city's hotels and the local economy.
