Tag Archives: Atlantic Club casino
US – New York investment firm Colosseo buys Atlantic Club Casino
TJM Properties, a noted Florida real estate firm and hotel management company, has sold the Atlantic Club Casino Hotel to Colosseo Atlantic City, a New York City-based investment and construction firm. One of two TJM-owned properties located on Atlantic City’s fabled Boardwalk, the 800-room hotel was closed in 2014 by Caesars Entertainment, and subsequently purchased…
US – Atlantic City reports two consecutive months of increase
Gaming revenue in New Jersey has increased for two months running for the first time since 2006 with November’s takings up 27 per cent in Atlantic City. The city’s 12 casinos generated US$224.7m in November 2013 compared to $176.6m last November, when the casino city was struggling in the aftermath of Hurricane Sandy. Table revenue…
US – Caesars to buy non-gaming assets of Atlantic Club
Caesars Entertainment has agreed to acquire the non-gaming assets of the Atlantic Club in Atlantic City, including the real property, in a bankruptcy auction, pending approval of the bankruptcy court. The Atlantic Club’s gaming assets are being acquired by another buyer. The current owner of the Atlantic Club indicated it plans to close the facility January 13, 2014. Caesars…
US – Atlantic Club files for Chapter 11
Following the breakdown of its potential sale to PokerStars, Atlantic City’s struggling casino Atlantic Club Casino Hotel has now filed for bankruptcy protection to help see through a sale. The New Jersey Division of Gaming Enforcement said it expects the venue to remain operational throughout the Chapter 11 process, which mirrors moves by several Atlantic…
