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The Chip Board Archive 24

Firm to buy shuttered AC casino

The Associated Press
Posted: Tuesday, January 6, 2015, 8:11 PM

ATLANTIC CITY, N.J. (AP) - A Pennsylvania real estate company has reportedly agreed to buy the shuttered Atlantic Club Casino Hotel in Atlantic City.

The Press of Atlantic City (http://bit.ly/1xCa7x4) reported the deal Tuesday night, citing newly filed property records. It says an affiliate of the Devon-based Endeavor Property Group LLC is buying the complex from TJM Properties, but the purchase price has not been disclosed.

Neither company would comment on the report.

The newspaper said the deal was disclosed in an agreement of sale filed Dec. 29 with the Atlantic County Clerk's Office. Once the sale closes, a deed will be filed giving the price

Atlantic Club is under a deed restriction barring it from being used as a casino again. It closed its doors in January 2014.

Read more at http://www.philly.com/philly/news/new_jersey/20150106_ap_8611f39cb3374d13889ad3314411ed5d.html#LgO5TbH7KQCU2Xxy.99

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Firm to buy shuttered AC casino
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