Atlantic Club casino seeks bankruptcy protection - Los Angeles News | FOX 11 LA KTTV

Atlantic Club casino seeks bankruptcy protection

Posted: Updated:
WAYNE PARRY | AP

ATLANTIC CITY, N.J. (AP) - Another Atlantic City casino has filed for bankruptcy protection. The Atlantic Club Casino Hotel says it will remain open as it seeks a buyer in bankruptcy court. It filed for Chapter 11 bankruptcy protection late Wednesday.

Formerly known as the Atlantic City Hilton, the casino has struggled in the city's cutthroat casino market. A deal to sell it to the world's largest poker website fell through earlier this year.

Atlantic Club COO Michael Frawley says the casino's strategy of offering low-priced gambling, food and entertainment has been working, but the market has not rebounded as fast as he hoped.

It joins Revel, the Tropicana and the Trump casinos among those who have sought bankruptcy protection in recent years.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • Port Authority to plan for new bus terminal

    Port Authority to plan for new bus terminal

    Wednesday, July 23 2014 3:02 PM EDT2014-07-23 19:02:29 GMT
    The Port Authority of New York and New Jersey is discussing a new main bus terminal. The 64-year-old Port Authority Bus Terminal in Manhattan has come under criticism from New Jersey lawmakers who say their constituents have to deal with long delays, substandard conditions and a lack of communication.
    The Port Authority of New York and New Jersey is discussing a new main bus terminal. The 64-year-old Port Authority Bus Terminal in Manhattan has come under criticism from New Jersey lawmakers who say their constituents have to deal with long delays, substandard conditions and a lack of communication.
  • Man stabbed ex 84 times, put pig mask on her

    Jury: Man stabbed ex 84 times, put pig mask on her

    Wednesday, July 23 2014 2:10 PM EDT2014-07-23 18:10:40 GMT
    Jurors have found a New Jersey man who stabbed his ex-wife 84 times and covered her face with a Halloween pig mask guilty of murder.
    A New Jersey man has been convicted of fatally stabbing his ex-wife 84 times and covering her face with a pig mask.
  • Fortune 500 firm Sealed Air moving HQ to Charlotte

    Fortune 500 firm Sealed Air moving HQ to Charlotte

    Wednesday, July 23 2014 12:01 PM EDT2014-07-23 16:01:51 GMT
    North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from...
    North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from several...
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices