Want a Casino? New Jersey’s Atlantic Club Is On The Auction Block

Want a Casino? New Jersey’s Atlantic Club Is On The Auction Block

Nj’s difficult Atlantic Club has filed for bankruptcy protection and is now up for auction (Image source: dol.wa.gov)

It absolutely was quite a weekend that is dramatic Atlantic City.

As nj inches closer and closer to its November 26th online casino launch, PokerStars had been rejected (for now) for the Web gaming permit into the state, the Atlantic Club declared Chapter 11 bankruptcy, and next thing you know, the once-much-sought-after land casino had been increasing for purchase.

Going As Soon As, Going Twice

If you’re interested in buying a casino by having a complete lot of history (this 1 was originally developed and built by legendary mogul Steve Wynn), now’s your chance. Bids must be received by November 18, and the auction itself will need place on a date that is as-yet-undetermined mid-December. a bankruptcy that is federal gave her blessings to the hotel-casino to remain running normally for now, underneath the umbrella of its Chapter 11 status winner casino no deposit code.

After making its court filing last week, the Atlantic Club’s attorney Michael Sirota noted that ‘we do want to go fairly quickly,’ saying the casino is too short on running budget to stay afloat for very very long without a speedy purchase bail out.

‘It’s the beginning of the process that is necessary’ said Atlantic Club CEO Michael Frawley. Judge Gloria Burns put her stamp that is green the sale plan, with everyone’s goal being to move it right along. She a Continue reading “Want a Casino? New Jersey’s Atlantic Club Is On The Auction Block”