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. Caesars acquired the real estate and non-gaming assets. Tropicana acquired the gaming equipment and the data records of customers from Atlantic Club. Burns approved the sale of Atlantic Club to Caesars Entertainment Corporation and Tropicana Entertainment.
On December 23, 2013, Federal Bankruptcy Judge Gloria M. On November 6, 2013, Atlantic Club owner Resorts International Holdings, itself owned by Colony Capital, filed for chapter 11 bankruptcy protection and a source revealed to the Wall Street Journal that a bankruptcy sale would occur. Redevelopment proposals include a water park. A third of Atlantic City's boardwalk casinos closed the same year, the others being Revel, Trump Plaza, and Showboat. 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. It was the city's first and only ' locals casino'. The Atlantic Club Casino Hotel, formerly known as Golden Nugget, Bally's Grand, The Grand, Atlantic City Hilton and ACH, is an abandoned hotel and casino located at the southern end of the boardwalk in Atlantic City, New Jersey, owned and operated by Colony Capital. Atlantic City Hilton (the casino before The Atlantic Club.)
