The recently closed Atlantic Club Casino Hotel has a new owner.
The Press of Atlantic City reported that Florida-based TJM Properties officially acquired the shuttered property last Thursday, paying an undisclosed amount for the casino and its 800-room hotel. The Terence McCarthy-owned real estate firm has made no indication of what is their exact plans are for the old establishment, saying only that they’re planning on operating it as a non-gambling facility.
The casino officially shut down in January after Caesars Entertainment and Tropicana Entertainment purchased it for a little over $20 million. Tropicana took ownership of customer lists and gambling equipment while Caesars got the land and the building. TJM intends to join the Atlantic Club with the Claridge Hotel Casino property, which TJM acquired in February from Bally’s for $12.5 million.
