Bally's Atlantic City has announced on Wednesday that it is selling the Claridge Hotel in Atlantic City to a Florida based company called TJM for an undisclosed price. TJM Executives at say there are no plans to reopen the casino but instead they will operate it as a standalone hotel property. Various reports on the sale are provided below.

Press of Atlantic City Newspaper
http://www.pressofatlanticcity.com/news/breaking/florida-hotel-operator-to-buy-claridge-hotel-tower-in-atlantic/article_3f58b2d8-40da-11e3-a4d6-001a4bcf887a.html

Video Report from NJ Today with Mike Schneider
http://www.youtube.com/watch?v=Py4hiD9QSEY&feature=share&t=10m27s