Showboat Resort Atlantic City (owned by developer Bart Blatstein) facing a partial property foreclosure due to loan defaults.
On June 30, 2026, Computershare Trust Co. filed suit seeking to auction off a portion of Blatstein’s Boardwalk properties at sheriff’s sale in order to recover unpaid debts. Phila Biz Journal;
This does not mean entire Showboat Resort is being immediately sold—or that hotel, arcade or Island Waterpark is closing. https://www.facebook.com/nu.yawk.2025
- Default of $48.5 million mortgage loan.
- Lenders want to collect unpaid $13.6 million portion of debt.
- Forced auction / Sheriff Sale.
NJBIZ: Island Waterpark recently secured $45.5 million green energy loan via New Jersey’s C-PACE program. Property also received $4.2 million revitalization grant from NJEDA to expand arcade.
