Atlantic City casino the Atlantic Club has been purchased by two competing casinos and closed down on January 31st, bringing an undignified end to a casino that backed out of a purchase agreement with PokerStars earlier this year.
The casino was purchased by fellow Atlantic City casinos Tropicana and Caesars, who agreed to pay $23.4 million for the bankrupt betting resort.
As soon as the sale was completed, the two casinos announced that they would shutter the doors to the Atlantic Club, effectively bringing the number of casinos operating in Atlantic City down to 11.
As part of the purchasing deal, Caesars will walk away with the hotel property and resort for $15 million, while Tropicana will pilfer the slot machines and table games for $8.4 million.
No comment by any party related to the bankruptcy sale has been released as of the publishing of this article, although Casino Listings will update the story as developments arise.