Atlantic Club Closes

[vixen777]

Following years of declining customer numbers and stiff competition from the other 11 casinos in Atlantic City, the Atlantic Club was a victim of too many casinos with not enough demand.

The club had been looking for a buyer for many years and when a deal was thought to have happened with PokerStars early in 2013 to buy the
Atlantic Club employees had hoped for the best. However that deal fell through with many blaming greedy management on the part of the
Atlantic Club thinking they could get more value from the introduction on online gambling.

1,600 employees are without jobs, falling into bankruptcy the Atlantic was auctioned off to the Tropicana and Caesars for $23.4 million who share the casino equipment and Caesars get the 801 room hotel,
which Caesars say will be moth balled until a future date.

SOURCE

 

[CareyG]

That was my casino!!

 

[dani3839]

yeah, thats too bad! business never seem to think about the employees when things
like this happens

 

[CareyG]

yeah, thats too bad! business never seem to think about the employees when things
like this happens

Yeah it sucks, it was a very nice casino, the staff was great and I had finally made top level VIP status. Urggg!! Now I have to find a new place to hang my hat!

 

[judyb57]

Wow, that is too bad.

 

[CareyG]

Wow, that is too bad.

Yeah when the staff starts to know you by first name and comps every meal at every restaurant and you stay in suites EVERY time you stay there, its very depressing to see the place close. Now It will take me years to get that treatment or status at another casino!