Supplier News
US – Caesars to buy non-gaming assets of Atlantic Club
By Phil - 31 December 2013
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 expects to close on the purchase of the property thereafter. Caesars does not intend to resume gaming or hotel operations at the facility, and is evaluating options for the use of the assets, some of which may be used in the company’s other Atlantic City properties.
