New Jersey’s difficult Atlantic Club has filed for bankruptcy protection and is now up for auction (Image supply: dol.wa.gov)
It absolutely was quite a dramatic weekend in Atlantic City.
As New Jersey inches closer and closer to its November 26th online casino launch, PokerStars ended up being rejected (for the time being) for an Web gaming permit within the state, the Atlantic Club declared Chapter 11 bankruptcy, and next thing you realize, the once-much-sought-after land casino was going up for sale.
Going Once, Going Twice
If you are interested in buying a casino by having a lot of history (that one was originally developed and built by popular mogul Steve Wynn), now’s your chance. Bids must be received by November 18 winner club casino coupon code, and also the auction itself will require place on a date that is as-yet-undetermined mid-December. a federal bankruptcy judge gave her blessings to the hotel-casino to stay running typically for now, under the umbrella of its Chapter 11 status.
After making its court filing last week, the Atlantic Club’s attorney Michael Sirota noted that ‘we do plan to go fairly quickly,’ saying the casino is too short on operating budget to remain afloat for very very long without a speedy sale bail out.
‘It’s the beginning of a process that is necessary’ said Atlantic Club CEO Michael Frawley. Judge Gloria Burns put her green stamp on the purchase plan, with everybody’s goal being to maneuver it right Continue reading “Want a Casino? Nj-new Jersey’s Atlantic Club Is On The Auction Block”