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Florida firm buys former Atlantic Club casino

5-29-14

ATLANTIC CITY, N.J. (AP) — A Florida company has bought Atlantic City’s former Atlantic Club casino, and plans to operate it as a non-gambling facility.

TJM Properties paid an undisclosed sum Thursday for the Boardwalk casino, which shut down in January.

It is the second acquisition this year of a former Atlantic City casino that the company plans to run as a non-gambling facility.

TJM also bought the former Claridge Hotel Casino in February for $12.5 million.

It purchased both buildings from Caesars Entertainment, which jointly bought the Atlantic Club out of bankruptcy last December with Tropicana Entertainment, divided its assets and shut it down.

TJM spokeswoman Sherry Amos says the firm sees value in Atlantic City’s non-gambling tourism market.

The Atlantic Club purchase was first reported by The Press of Atlantic City.