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Bankrupt NJ casino has $17.7M assets, $16.8M debts

12-7-13

ATLANTIC CITY, N.J. (AP) — The Atlantic Club Casino Hotel, which hopes to sell itself at a bankruptcy court auction this month, has laid out its assets and liabilities for the court.

The casino formerly known as the Atlantic City Hilton listed assets, excluding real property, of $17.1 million and liabilities of $16.8 million.

It wouldn’t estimate the worth of its real property when asked by The Associated Press.

The filing was made Wednesday with the federal bankruptcy court in Camden.

The Atlantic Club has remained open since filing for Chapter 11 protection last month. The casino could be put up for auction Dec. 17, with the sale completed by March.

The sale comes months after a deal to sell the casino to the PokerStars online gambling website fell through.