The Atlantic Club Casino Hotel

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Atlantic Club Casino Hotel
Atlanticclublogo.png
Ac Hilton.jpg
Atlantic Club viewed from the beach, when it was Hilton
Location Atlantic City, New Jersey
Address Boston Avenue and the Boardwalk
Opening date December 12, 1980
Closing date January 13, 2014
Theme Beach Resort
No. of rooms 801
Total gaming space 75,374 sq ft (7,002.5 m2)
Signature attractions The Beach Bar
Notable restaurants Patsy's Italian Restaurant
Simon AC
Casino type Land-based
Owner TJM Properties
Previous names ACH Casino Resort, Atlantic City Hilton, The Grand, Bally's Grand, Golden Nugget
Years renovated 1997, 2012

The Atlantic Club Casino Hotel, formerly Atlantic City Hilton and ACH, was a casino and hotel located at the southern end of the boardwalk in Atlantic City, New Jersey, owned and operated by Colony Capital. It was the city's first and only "locals casino" On Monday, January 13, 2014, at approximately 12:01 AM, the Atlantic Club Casino & Hotel became the first of four casinos in 2014 to suddenly closed and ceased operations. The closure was the result of dwindling casino traffic in Atlantic City due to increased competition in neighboring states. One third of Atlantic City's boardwalk casinos closed the same year, the others being Revel, Trump Plaza, and Showboat.[1]

On November 6, 2013, Atlantic Club owner (Resorts International Holdings, owned by Colony Capital) filed for bankruptcy 11 protection and a source revealed to the Wall Street Journal that a bankruptcy sale would occur.[2] On December 23, 2013, Federal Bankruptcy Judge Gloria M. Burns approved the sale of Atlantic Club to Caesars Entertainment Corporation and Tropicana Entertainment.[3] Tropicana acquired the gaming equipment and the data records of customers from Atlantic Club. Caesars acquired the Real estate and non-gaming assets.[4] Caesars indicated that the closure is by its current owner, Colony Capital.[5] This returned ownership of the property to Caesars Entertainment, which sold it nine years before to Colony Capital as part of its acquisition by Harrah's Entertainment.[6]

History[edit]

The Golden Nugget Hotel & Casino was built in 1980 by a partnership of Golden Nugget Companies and Michael R. Milken for $140 million. Steve Wynn bought the Strand Motel on Boston Avenue and the Boardwalk for $8.5 million and tore it down. Joel Bergman, who designed Wynn's other resorts, designed the Golden Nugget. It was Atlantic City's sixth casino after legalized gambling was passed in 1976. It had 506 rooms and at the time was the second smallest casino in the city. By 1983 it was the city's top earning casino. Its entertainment in the 500-seat Opera House included Frank Sinatra, Dean Martin, Sammy Davis, Jr., Dolly Parton, Lou Rawls and Don Rickles. Advertisements featured Wynn, including one where he delivered towels to Sinatra.[7]

It was Wynn's first major casino after establishing his reputation with resurrecting the Golden Nugget Casino in Las Vegas. He had high-profile squabbles with state officials, and in 1987 he sold the casino for $440 million to Bally Manufacturing, which changed the name to Bally's Grand Hotel and Casino.[8] Frustrated with state gaming regulators,[9] Wynn publicly vowed he would never return to Atlantic City, though he had hedged his rhetoric with the purchase of an area by the Atlantic City Marina. Wynn left Atlantic City to build the Mirage Casino in Las Vegas that heralded the modern transformation of the Las Vegas Strip.

After the Hilton Hotels Corporation acquired Bally Entertainment, the property was renamed Atlantic City Hilton. In 1998, Hilton Corporation spun off its casino properties into a new company initially called Park Place Entertainment.

In 2000 Nicholas L. Ribis, in partnership with Colony Capital, LLC bought the poorly-performing Resorts Atlantic City for $140 million and created Resorts International Holdings. Then, in 2005, they set out to buy four casino properties across the U.S., including the Atlantic City Hilton, for a combined total of $1.24 billion.

Through December 2009, Resorts Atlantic City and Atlantic City Hilton were managed as a single entity named "Atlantic City Hilton and Resorts Atlantic City", whose president was Anthony Rodio. On December 10, 2009, it was announced that Resorts International wasn't able to pay the mortgage for the Resorts Atlantic City property and made a deal to have the loan canceled and surrender the property to RAC Atlantic City Holdings L.L.C.[10]

In June 2011, Hilton Hotels ended the licensing agreement with Colony Capital and the Hilton name was officially removed as the casino name, with the temporary name of the casino becoming ACH Casino Resort (ACH was an abbreviation of the previous name - Atlantic City Hilton). The signage on the outside and inside of the casino was removed in the fall when the licensing agreement termination was approved.[11] Its sister property, Las Vegas Hilton also lost its agreement and changed its name to the LVH - Las Vegas Hotel & Casino in January 2012.

On February 7, 2012, the casino became a locals casino and rebranded as The Atlantic Club Casino Hotel. Renovations to the gaming floor and rooms began immediately in an effort to refresh and update the property. The new slogan also went into effect: "A casino for the rest of us."

In December 2012, the Rational Group, parent company of online gaming site PokerStars, was reported to be in discussions to buy the Atlantic Club for less than $50 million, spurred on by a bill under debate in New Jersey to legalize online gaming operations by casino owners.[12] A purchase agreement was announced in January 2013,[13] but was terminated in April after Rational missed a deadline for securing a temporary gaming license.[14]

On December 20, 2013, it was announced that the Atlantic Club Casino Hotel would close suddenly on January 13, 2014 at approximately 12:01 AM.[15] Caesars Entertainment bought the property while Tropicana bought all the slot machines, gaming tables, and player databases in a joint bankruptcy purchase for $23.4 million combined.

On May 29, 2014, Caesars Entertainment sold the Atlantic Club to TJM Properties, a Florida development firm that purchased and reopened the former Claridge Casino Hotel in Atlantic City earlier in the year. The reported Atlantic Club purchase price was $13.5 million. The firm plans to reopen it as a non-gaming property, such as a hotel.[16][17]

Gaming[edit]

Atlantic Club featured traditional table games and slot machines. It also exclusively featured 5X Craps.

Dining[edit]

Fine Dining[edit]

  • Patsy's Trattoria
  • Simon AC
  • Ono Chinese Bistro

Casual Dining[edit]

  • Cappuccino's
  • Cornucopia Buffet
  • BB's
  • The Coffee Shop

Bars & Lounges[edit]

  • The Dizzy Dolphin

Amenities[edit]

The casino had a health spa, an indoor pool overlooking the Atlantic Ocean, and Salon Maria Katelyn.

See also[edit]

References[edit]

  1. ^ "Thousands out of work in Atlantic City as big casinos shut doors". Atlantic City News.Net. 1 September 2014. Retrieved 1 September 2014. 
  2. ^ http://online.wsj.com/news/articles/SB10001424052702304672404579182310842731866
  3. ^ http://www.philly.com/philly/business/20131224_Judge_approves_sale_of_Atlantic_Club__casino_to_close.html
  4. ^ http://www.pressofatlanticcity.com/news/breaking/demise-of-atlantic-club-may-be-felt-most-by-workers/article_e7a000d0-6a93-11e3-acc2-0019bb2963f4.html?mode=jqm
  5. ^ http://investor.caesars.com/releasedetail.cfm?ReleaseID=815503
  6. ^ http://www.colonyinc.com/articles/news_harrah.htm
  7. ^ Wynn, Lose or Draw - casinoconnectionac.com - November 25, 2008
  8. ^ BETTING ON POLITICS: A special report.; A Gambling Impresario Leaves Little to Chance - New York Times -December 6, 1998
  9. ^ Benston, Liz (February 1, 2010). "MGM Mirage disputes N.J. regulators’ authority to vet its partner in Macau". Las Vegas Sun. Retrieved February 3, 2011. 
  10. ^ http://www.pressofatlanticcity.com/news/press/atlantic_city/article_96ea9c9a-e50e-11de-9ea6-001cc4c03286.html
  11. ^ http://www.pressofatlanticcity.com/news/breaking/don-t-call-it-atlantic-city-hilton-casino-resort-anymore/article_1665fc84-a369-11e0-857e-001cc4c03286.html
  12. ^ Stutz, Howard (December 7, 2012). "PokerStars potential purchase of Atlantic City casino offers many questions". Las Vegas Review-Journal. Retrieved 2012-12-07. 
  13. ^ Wittkowski, Donald (January 16, 2013). "Online gambling giant moves to purchase Atlantic Club casino in Atlantic City". Press of Atlantic City. Retrieved 2013-01-16. 
  14. ^ Ryan Hutchins; Salvador Rizzo (April 30, 2013). "PokerStars missed its window to buy Atlantic Club casino, report says". The Star-Ledger (Newark). Retrieved 2013-05-01. 
  15. ^ http://www.nj.com/business/index.ssf/2014/01/nj_casinos_trying_to_lure_closing_atlantic_clubs_customers_workers.html#incart_river_default
  16. ^ Wittkoski, Donald (29 May 2014). "Atlantic Club sold to Florida development company". The Press of Atlantic City. Retrieved 29 May 2014. 
  17. ^ Wittkoski, Donald (17 June 2014). "Atlantic Club sells for $13.5 million to TJM Properties Inc.". The Press of Atlantic City. Retrieved 10 July 2014.