Harrah's takes a BATH in the Showboat Casino

In 1998, Harrah's Entertainment bought Showboat, Inc. for $1.15 billion.[13] Harrah's interests were primarily in the Atlantic City and Chicago markets, however; the Las Vegas property did not fit with the company's strategy.[14] They sold the Showboat in 2000 for $23.5 million to VSS Enterprises, a group owned by Dan Shaw, Mike Villamor, and Greg Schatzman.[15]