The former Showboat Casino has been officially sold to Stockton College. The school purchased the property for $18 million and will be made for dual use. Some of the rooms will be used as dorms for the students of the college and there will be dining, parking, and recreational availability to those students. The remaining rooms will be used as a hotel, similar to the Seaview property that the school manages. The hotel portion should be open by the summer of 2015 and the dorm aspect will be open in the Fall of 2015.