Bankruptcy auction under way for Atlantic Club Casino - New York News

Bankruptcy auction under way for Atlantic Club Casino

Posted: Updated:

WAYNE PARRY | AP

ATLANTIC CITY, N.J. (AP) -- A bankruptcy auction is underway for a struggling Atlantic City casino that hopes to emerge with a new owner.

Bids are being taken for the Atlantic Club Casino Hotel, which filed for Chapter 11 protection last month.

The casino formerly known as the Atlantic City Hilton has struggled to compete with newer, larger casinos, as well as with gambling halls popping up in neighboring states.

For the past year and a half it has focused on low-rollers and improved its financial position, but not fast enough to stave off a bankruptcy filing.

A deal to sell the Atlantic Club to the PokerStars web site fell through earlier this year.

  • New Jersey NewsNew Jersey NewsMore>>

  • Skydiver dies after crashing into NJ backyard

    Skydiver dies after crashing into NJ backyard

    Monday, April 21 2014 10:23 AM EDT2014-04-21 14:23:02 GMT
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had more than 300 jumps under his belt.
  • Easter Bunny train sparks New Jersey brush fires

    Easter Bunny train sparks New Jersey brush fires

    Fire officials say several small brush fires were ignited by a train carrying the Easter Bunny in northwestern New Jersey.
    A train carrying the Easter Bunny in northwestern New Jersey has ignited several small brush fires.
  • Boxer Rubin 'Hurricane' Carter dies at 76

    Boxer Rubin 'Hurricane' Carter dies at 76

    New Jersey NewsNew Jersey News
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices