Will Atlantic Club Reopen as Casino Resort?Ĭommenting on finally finding a buyer for the former hotel and casino complex, Matt Bradley, one of the TJM heads of development and operations who handled the recent sale of the property, said that they “have made every effort to find a buyer who could realize the potential of the Atlantic Club Casino Hotel” and that with its extensive experience in construction and redeveloping larger properties, they believe “Colosseo is the right company for the job.”Ĭolosseo principal Rocco Sebastiani said Tuesday that they are looking forward to restoring “such a great property.” He added that his company plans to operate the Atlantic Club as a non-gambling resort. TJM purchased it four months after its closure for $13.5 million from its then owner Caesars Entertainment Corp. The property closed shop in January 2014. The Atlantic Club was the first of five Atlantic City casinos to close doors between 20. The Press of Atlantic City reports that Florida-based real estate firm TJM Properties has sold the former Atlantic Club Casino Hotel to Colosseo Atlantic City Inc., a New York-based investment and construction company.Ī spokesperson for TJM told media that the sale of the property was finalized last week.
The Atlantic Club sale saga is finally over as the shuttered hotel and casino resort is understood to have switched ownership last week.
