Atlantic Club Casino Hotel | |
---|---|
Atlantic City Hilton (the casino before The Atlantic Club.) | |
Location | Atlantic City, New Jersey |
Address | Boston Avenue and the Boardwalk |
Opening date | December 12, 1980 |
Closing date | January 13, 2014; 5 years ago |
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 Bally's Grand Golden Nugget |
Renovated in | 1997, 2012 |
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The Atlantic Club Casino Hotel, formerly known as Golden Nugget,Bally's Grand, The Grand, Atlantic City Hilton and ACH, is a closed 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'. The Atlantic Club permanently closed on January 13, 2014, at 12:01 AM, largely as a result of dwindling casino visitors to Atlantic City due to increased competition in neighboring states. A third of Atlantic City's boardwalk casinos closed the same year, the others being Revel, Trump Plaza, and Showboat.[1] Redevelopment proposals include a water park.[2][3][4]
On November 6, 2013, Atlantic Club owner Resorts International Holdings, itself owned by Colony Capital, filed for chapter 11 bankruptcy protection[5] and a source revealed to the Wall Street Journal that a bankruptcy sale would occur.[6] On December 23, 2013, Federal Bankruptcy Judge Gloria M. Burns approved the sale of Atlantic Club to Caesars Entertainment Corporation and Tropicana Entertainment.[7] Tropicana acquired the gaming equipment and the data records of customers from Atlantic Club. Caesars acquired the real estate and non-gaming assets.[8][9] 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.[10]
- 1History
- 4Dining
History[edit]
Golden Nugget (1980–1987)[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, and Atlandia Design managed the design, construction and furnishing of the original facility. 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.[11] It was Wynn's first major casino after establishing his reputation with resurrecting the Golden Nugget Las Vegas.
Bally's Grand & The Grand (1987–1996)[edit]
Wynn 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.[12] Frustrated with state gaming regulators,[13] 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 in Las Vegas that heralded the modern transformation of the Las Vegas Strip.
Hilton (1996–2011)[edit]
After the Hilton Hotels Corporation acquired Bally Entertainment, the property was renamed the 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 the 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 was unable 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.[14]
ACH Casino Resort (2011–2012)[edit]
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. The signage on the outside and inside of the casino was removed in the fall when the licensing agreement termination was approved.[15] Its sister property, the Las Vegas Hilton also lost its agreement and changed its name to the LVH – Las Vegas Hotel & Casino in January 2012.
The Atlantic Club (2012–2014)[edit]
Exterior of the closed Atlantic Club, 2016.
On February 7, 2012, the casino became a locals casino and re-branded 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.[16] A purchase agreement was announced in January 2013,[17] but was terminated in April after Rational missed a deadline for securing a temporary gaming license.[18]
On December 20, 2013, it was announced that the Atlantic Club Casino Hotel would close on January 13, 2014.[19]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 planned to either reopen it as a non-gaming property, such as a hotel, or sell it.[20][21]
Future[edit]
In 2015, redevelopment plans for the shuttered resort were proposed by Pennsylvania-based Endeavor Property Group, calling for a renovation of the existing buildings into a non-gaming resort featuring two indoor water parks. An 81,000-square-foot indoor water park would be built across the street from the Atlantic Club, on the block bordered by Pacific, Atlantic, Boston and Sovereign avenues, currently a surface parking lot used by the resort, as well as a smaller adult-oriented indoor water park fronting the boardwalk. The former casino space would be renovated convention space and a large arcade.[22] The project was approved by the CRDA in July 2015; the CRDA is also planning a 'Gateway Project' adjacent to the site, proposing office and academic redevelopment along Albany Avenue, including the site of the former Atlantic City High School.[23]
In March 2017, R & R Development Group agreed to purchase the property with the intention of converting it to a family entertainment center with a waterpark, but the deal fell through two months later because R & R could not obtain financing.[24][25]
In September 2018, Stockton University attempted to purchase the property to expand itself. It planned to keep the parking garage, but demolish the main structure. The deal fell through after TJM declined the sale. Later in the year in November 2018, a development group from New York was in talks to buy The Atlantic Club, but a deal never shaped up.
Most recently in February 2019, a sale settlement was filed by the property's owner, TJM Properties, however they denied the sale of property. So, The Atlantic Club remains vacant as it's been for over 5 years now.
Hotel[edit]
The Atlantic Club boasted 802 hotel rooms, all newly renovated in 2012. Guests at the Atlantic Club could choose from one of the various room styles.
Casino[edit]
The casino at the Atlantic Club featured a standard set of table games, slots, and video machines. Patrons could sign up for the Player's Club, which was the rewards program at the Atlantic Club.
Dining[edit]
There were eight restaurants at the Atlantic Club.
Restaurants[edit]
- Simon AC
- Patsy's Trattoria
- Ono Chinese Bistro
- Cappuccino's
- Dizzy Dolphin's Beachfront Bar
- Cornucopia Buffet
- BB'S
- The Coffee Shop
Shows[edit]
There were many different shows held at the Atlantic Club, including Bobby Rydell, Rich Little, and more.
See also[edit]
References[edit]
- ^'Thousands out of work in Atlantic City as big casinos shut doors'. Atlantic City News. September 1, 2014. Retrieved September 1, 2014.
- ^'Water parks planned at former Atlantic City boardwalk casino'. NJ.com. Retrieved March 14, 2017.
- ^'81,000-square-foot indoor water park approved for former A.C. casino site'. NJ.com. Retrieved March 14, 2017.
- ^'Former Atlantic City casino to be sold, become huge indoor water park'. NJ.com. Retrieved March 14, 2017.
- ^'Poker News: American Gaming Association Adds New Members and more'. Retrieved December 31, 2013.
- ^Patrick Fitzgerald And Peg Brickley (November 7, 2013). 'Atlantic Club Casino Hotel Files for Bankruptcy'. WSJ. Retrieved December 21, 2014.
- ^'After Atlantic Club sale, who's next in A.C.?'. Philly.com. Retrieved December 21, 2014.
- ^'Demise of Atlantic Club may be felt most by workers'. pressofAtlanticCity.com. Retrieved December 21, 2014.
- ^'Caesars Entertainment Agrees To Acquire Non-Gaming Assets Of Atlantic Club in Bankruptcy Auction'. Archived from the original on December 22, 2014. Retrieved December 21, 2014.
- ^'Harrah's, Caesars Sign Agreement to Sell Four Casinos to Colony Capital'. Archived from the original on March 7, 2014. Retrieved December 21, 2014.
- ^'AC History – Casino Connection Atlantic City'. Retrieved December 21, 2014.
- ^'BETTING ON POLITICS: A special report.; A Gambling Impresario Leaves Little to Chance'. December 6, 1998. Retrieved December 21, 2014.
- ^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.
- ^'Lenders and Resorts Atlantic City agree to takeover deal'. pressofAtlanticCity.com. Retrieved December 21, 2014.
- ^'Don't call it Atlantic City Hilton Casino Resort anymore; casino has lost the right to use Hilton name'. pressofAtlanticCity.com. Retrieved December 21, 2014.
- ^Stutz, Howard (December 7, 2012). 'PokerStars potential purchase of Atlantic City casino offers many questions'. Las Vegas Review-Journal. Retrieved December 7, 2012.
- ^Wittkowski, Donald (January 16, 2013). 'Online gambling giant moves to purchase Atlantic Club casino in Atlantic City'. Press of Atlantic City. Retrieved January 16, 2013.
- ^Ryan Hutchins; Salvador Rizzo (April 30, 2013). 'PokerStars missed its window to buy Atlantic Club casino, report says'. The Star-Ledger. Newark. Retrieved May 1, 2013.
- ^'Closing Atlantic Club's customers, workers being courted by other casinos'. NJ.com. Retrieved December 21, 2014.
- ^Wittkoski, Donald (May 29, 2014). 'Atlantic Club sold to Florida development company'. The Press of Atlantic City. Retrieved May 29, 2014.
- ^Wittkoski, Donald (June 17, 2014). 'Atlantic Club sells for $13.5 million to TJM Properties Inc'. The Press of Atlantic City. Retrieved July 10, 2014.
- ^Wittkowski, Donald (July 5, 2015). 'Water parks and more planned at old Atlantic Club casino'. The Press of Atlantic City. Retrieved July 26, 2015.
- ^Kramer, Reuben (July 22, 2015). 'CRDA OKs waterpark at Atlantic Club'. The Press of Atlantic City. Retrieved July 26, 2015.
- ^Parry, Wayne (March 13, 2017). 'Water park eyed at ex-Atlantic Club casino in Atlantic City'. Associated Press. Retrieved April 27, 2017.
- ^Parry, Wayne (April 27, 2017). 'Sale of former Atlantic Club Casino falls apart - again'. US News & World Report. AP. Retrieved April 27, 2017.
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Atlantic_Club_Casino_Hotel&oldid=921349611'
Atlantic City has been the home of a rotating network of casino properties and resorts since gambling was legalized in the late 1970s.
The hotels offered by these resorts range from five-star luxury to basic economy. Prices during the week are substantially lower than weekends. The best nights in terms of price are usually Sunday through Wednesday. Thursday may be moderately expensive compared to early weekdays. Saturday is by far the most expensive night of the week in Atlantic City, followed by Friday.
At the beginning of 2018, there were seven Atlantic City casinos open. Three are owned by CaesarsEntertainment:
- Bally’s
- Caesars
- Harrah’s
MGM Resorts owns the top-grossing casino-hotel, Borgata. ElDorado Resorts operates the Tropicana Atlantic City after a sale of the property in early 2018. Golden Nugget is owned by Landry’s Inc., and Resorts is independently owned.
Borgata, Golden Nugget and Harrah’s are in the Marina District. Bally’s, Caesars, Resorts, and Tropicana are on the Boardwalk.
But on June 28, 2018, Atlantic City casinos grew by two.
On the site of the former Revel property, Ocean Casino Resort opened its doors the same day as Hard Rock Hotel & Casino Atlantic City, which reopened in the former Trump Taj Mahal property.
Atlantic City casinos in 2020
Here is a brief rundown of the nine casinos in Atlantic City:
Bally’s
Bally’s is on the Boardwalk and offers more than 100 table games and a poker room. Its hotel is perfect for budget-minded travelers. Wild Wild West, found along the Boardwalk under Bally’s, offers low-limit games and the largest sportsbook in Atlantic City at 15,228 square feet.
Borgata
Located in the Marina District, Borgata is the flagship of Atlantic City. Owned by MGM Resorts, Borgata’s luxury resort is home to more than a dozen restaurants. It has a giant poker room and a sports and race book. The limits at Borgata are reasonable, with many $5 and $10 table game minimums. All blackjacks pay 3-2. Games with a minimum bet of $25 stand on all 17s.
Caesars
Caesars is on the Boardwalk. It is owned by Caesars Entertainment and is a middle-tier resort with more than 100 table games. There are more than a dozen restaurants at Caesars, as well as two showrooms for entertainment.
Golden Nugget
Golden Nugget is a boutique hotel in the Marina District. It has several Landry’s restaurants on-site. All blackjacks pay 3-2 at Golden Nugget. Its hotel rooms are more modern than most in Atlantic City, and there is a walking trail between Harrah’s and Golden Nugget.
Hard Rock Atlantic City
Hard Rock AC opened its doors in summer 2018. The newly remodeled and redesigned building on the Boardwalk no longer bears any resemblance to the Trump Taj Mahal casino. The casino features 120 table games and a variety of entertainment options and restaurants.
Harrah’s
Harrah’s is the Atlantic City flagship for Caesars Entertainment. Located in the Marina District, it offers more than 100 table games, as well as competitive video poker. There is an after-hours pool with the latest musical acts and DJs. Harrah’s is also home to a variety of dining establishments.
Ocean Casino
The repurposed Revel Hotel & Casino got a new name in early 2018 when the property was officially sold to AC Oceanwalk before transitioning ownership to Luxor Capital in early 2019. Ocean Casino opened its doors on June 28, 2018, and includes one of the more luxurious casino floors and a variety of high-end restaurants and shops. Ocean Casino is at the opposite end of the Boardwalk from Tropicana.
Resorts
Resorts is the original Atlantic City casino. Having opened on the Boardwalk in 1978, it is smaller than its competitors but still retains its playing power. Resorts offers low limits for its table games. All blackjack games stand on all 17s and pay 3-2.
Tropicana
Tropicana has an old-school feel. It is on the far south end of the Boardwalk. All blackjack tables stand on all 17s and pay 3-2. Tropicana’s casino floor is separated into sections of slots and video poker.
Wild Wild West
Not usually counted among the casinos in Atlantic City, Wild Wild West is in the lower level of Bally’s. It offers $5 live table games, as well as some electronic ones with even lower limits. Wild Wild West offers live entertainment, as well as two bars and restaurants.
Games at Atlantic City casinos
AC casino table games and casino videopoker are everywhere in the resort town along with hundreds of slot machines. Most are similar or share the same names as online casino games, but some are exclusive to one or two casinos.
Atlantic City sports betting
New Jersey legalized sports betting in January 2012 after voters passed a nonbinding referendum instructing the New Jersey Legislature to pass it. But the major sports leagues took issue with this.
New Jersey was not exempted under the Professional and Amateur Sports Protection Act (PASPA). Even Delaware, which was exempted under PASPA, lost its own fight with the sports leagues in 2009 and was forced to only offer parlay cards.
The fight between New Jersey and the sports leagues came to an end on May 14, 2018, when the US Supreme Court ruled that PASPA was unconstitutional. After that, the floodgates opened, and AC casinos and NJ online gambling sites got quickly up and running with sportsbooks once the NJ sports betting law and regulations were finalized.
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Eight Atlantic City casinos now have retail sportsbooks up and running.
Closed Atlantic City casinos
The Atlantic Club Casino Hotel (closed Jan. 13, 2014)
The Atlantic Club Casino Hotel was actually Atlantic City’s original Golden Nugget.
The property opened as The Golden Nugget Hotel & Casino in 1980. It was one of the smallest casinos in the city, but by 1983, it was the top grossing.
Golden Nugget owner Steve Wynn sold the casino for $440 million to Bally Manufacturing in 1987 and the name changed to Bally’s Grand Hotel and Casino.
Hilton Hotels Corporation bought Bally and renamed the property Atlantic City Hilton in 1998.
In 2005, Resorts International Holdings bought the casino. It ran Resorts Atlantic City and the Atlantic City Hilton for the next four years as a single entity called Atlantic City Hilton and Resorts Atlantic City.
In June 2011, the Hilton name was removed and it became the ACH Casino Resort. In February 2012, it was rebranded as a locals casino and renamed The Atlantic Club Casino Hotel. By the end of the year, the parent company of online gaming giant PokerStars entered into discussion to buy the property. Its eye was on legalized online gambling in New Jersey. A purchase agreement was struck in January 2013, but PokerStars pulled out after having difficulty obtaining a casino license.
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The casino shut its doors on January 13, 2014. Caesars Entertainment soon bought the property and Tropicana bought all the gaming equipment.
Caesars Entertainment then sold to TJM Properties in 2014. TJM made plans to reopen it as a non-gaming property. The company announced in 2017 another developer would be purchasing the property and turning it into an indoor waterpark. The financing for this project ultimately fell through.
Showboat Atlantic City (closed Aug. 31, 2014)
The Showboat Hotel, Casino and Bowling Center opened in March 1987 on land leased from Resorts International right beside where the soon-to-be Trump Taj Mahal was under construction. The Showboat featured a 60,000-square-foot casino and a 60-lane bowling alley.
A 1995 renovation brought in a Mardi Gras theme5. Three years later, Harrah’s Entertainment, which is now Caesars Entertainment, bought the Showboat’s parent company and took ownership.
The bowling alley became a buffet in 2001. In 2003, Showboat built a new hotel tower and remodeled the original. It also constructed a third hotel tower. But by June 2014, Caesars Entertainment made plans to close down the Showboat. The company looked to sell, but after failing to find a suitable buyer, the Showboat shuttered on Aug. 31, 2014.
In December of that year, Richard Stockton College bought the property with plans to turn it into a college campus. They later sold it to Philadelphia developer Bart Blatstein, who reopened it as a non-gaming hotel in July 2016.
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Trump Plaza (closed Sept. 16, 2014)
The $210 million Harrah’s at Trump Plaza opened up as the biggest casino in Atlantic City history on May 14, 1984. It was a joint partnership between Donald Trump and Holiday Inn’s gaming division Harrah’s. It originally featured 614 rooms, seven restaurants, a 750-seat showroom, and a 60,000 square foot casino.
Competitor Hilton was soon denied a casino license on its $320 million Atlantic City Marina casino project under construction nearby. Trump came in and bought out Hilton, finished construction and opened it up as Trump Castle. Harrah’s sued Trump, claiming a conflict of interest. Trump bought out Harrah’s interest in Harrah’s at Trump Plaza and renamed it Trump Plaza.
Trump continued building an empire in Atlantic City over the next decade, buying up existing casinos and construction projects. However, when he opened up the even larger Trump Taj Mahal in 1990, business at Trump Plaza suffered.
The property went through a bankruptcy in 1992. Trump’s publicly-traded Trump Hotels & Casino Resorts ultimately gained ownership. A new East Tower opened in early 1996 as did a connection to the new Trump World’s Fair.
In 2011, with Trump almost completely divested in the company, Trump Entertainment Resorts announced it was looking to sell Trump Plaza or find a financing partner for a new renovation. At least one deal to sell fell through. By July 2014, the company said it would soon shut Trump Plaza down.
In August 2014, Trump filed a lawsuit demanding the property remove his name. On Sept. 16, 2014, Trump Plaza shut down.
A brief history of Atlantic City
New Jersey voters amended the State Constitution in 1976 to allow casino-style gambling. It became the second state after Nevada to legalize casinos. They were restricted to Atlantic City. No other parts of the state could build casinos.
On May 28, 1978, Resorts International opened as the first casino in Atlantic City. There are currently nine hotel-casinos located in the resort city.
Borgata is by far the biggest winner in terms of casino revenue. It was built in 2003. Only one casino has been built since Borgata. Revel opened in March 2012. But it fell into bankruptcy within a year after it failed to attract gamblers with its attempt to be a resort first and casino second.
New Jersey has fallen on hard times as neighboring state have legalized casinos. Foxwoods and Mohegan Sun began drawing gamblers from New York City in 1992. Today, casinos are now found in all states that border New Jersey.
This has forced New Jersey out of the second place spot in terms of gaming revenue. Irish eyes 2 slot. Pennsylvania now has that honor.
NJ online gambling goes live
Former Gov. Chris Christie signed online gambling into law on Feb. 26, 2013. This legalized NJ online poker and online casinos in the state. Any player located within New Jersey at the time of login will be able to play interactive real money games.
Christie had twice vetoed legislation before finally signing it into law. In March 2011, Christie outright vetoed similar legislation after citing that he felt it would take a change to the New Jersey Constitution to allow gambling outside of Atlantic City, regardless of where the actual servers were located.
On Feb. 7, 2013, Christie apparently changed his mind. While he still vetoed the bill in front of him, it was only a conditional one. He instructed the legislature to raise the tax rate from 10 percent to 15 percent and add more funds to the problem gambling services provided under the law.
Atlantic Club Casino Hotel
The legislature approved his wishes.