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Embattled NJ casino closes down

Monday - 1/13/2014, 1:48am  ET

A computer screen dispaly in Atlantic City, N.J., shows the notice that greeted customers visiting the web site of the Atlantic Club Casino Hotel on Sunday, Jan. 12, 2014, the last day the Atlantic City casino would be open. It was to shut down at 12:01 a.m. Monday, Jan. 13. (AP Photo/Wayne Parry)

ATLANTIC CITY, N.J. (AP) -- After struggling for years against newer and bigger casinos, the Atlantic Club Casino Hotel has closed.

The 33-year-old casino closed its doors at 12:01 a.m. Monday, a victim of the casino saturation taking place in the Northeast. About 1,600 people are losing their jobs.

The Atlantic Club had sought a buyer for the last few years but was unable to attract one. It filed for bankruptcy in November and was sold for a combined $23.4 million just before Christmas to two competitors who will strip it for parts. Tropicana Entertainment bought the table games, slot machines and customer lists, while Caesars Entertainment bought the 801-room hotel, for which it has no immediate plans.

Customers spent their last few hours at the casino Sunday before tearful employees exchanged goodbyes.


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