Atlantic Club to close Jan. 13th of 2014

The casino, which opened in 1980 as the Golden Nugget, will shut its doors on January 13th of 2014.  Two rival casino companies with a presence in Atlantic City, Tropicana Entertainment and Caesars Entertainment, will buy the casino for $23.4 million, essentially strip it for parts and shut it down. The Tropicana will take the 1,641 slot machines and 48 table games for $8.4 million, while Caesars will get the property and its more than 800 hotel rooms for $15 million.  Neither has any interest in operating the business in Atlantic City’s now diminished market.  Caesars has said it has no plans to operate the property as a non-gambling hotel. A spokesman said it intends to distribute some of the building’s equipment among its four Atlantic City casinos (Caesars, Bally’s, Harrah’s and the Showboat) while considering what to do with the rest.