July 31, 2014 5:26 AM ET

Hotels, Restaurants and Leisure

Company Overview of Atlantic Club Casino Hotel

Company Overview

Atlantic Club Casino Hotel operates as a casino resort. Its amenities include slot machines and table games, dining facilities, an indoor pool, rooms and suites, a health spa, and meeting facilities. The company was formerly known as Atlantic City Hilton and changed its name to Atlantic Club Casino Hotel in February, 2012. The company was founded in 1980 and is based in Atlantic City, New Jersey. As of May 29, 2014, Atlantic Club Casino Hotel operates as a subsidiary of TJM Properties Inc.

Boston Avenue and The Boardwalk

Atlantic City, NJ 08401

United States

Founded in 1980

Phone:

609-347-7111

Fax:

609-340-7300

Key Executives for Atlantic Club Casino Hotel

Vice President
Age: 47
Senior Vice President of Marketing
Age: 63
Compensation as of Fiscal Year 2014.

Atlantic Club Casino Hotel Key Developments

PokerStars Not Interested To Acquire Atlantic Club Anymore

Rational Entertainment Enterprises Limited (PokerStars.com) said that it is no longer pursuing the acquisition of Atlantic Club Casino Hotel. Eric Hollreiser, Rational Group spokesperson, said on August 2, 2013, “We are no longer pursuing an acquisition of the Atlantic Club.”

PokerStars Got Court Order To Restrain Atlantic Club's Sale

Rational Entertainment Enterprises Limited (PokerStars) got a temporary restraining order barring Atlantic Club Casino Hotel to sell itself to anyone else. In its court papers, PokerStars also declared that it plans to acquire the casino for $15 million. PokerStars argued that it has given The Atlantic Club $11 million of the $15 million purchase price and in return, PokerStars claims, The Atlantic Club wants to kill the deal and receive an additional $4 million as a termination fee.

Rational Group Still Wants To Acquire Atlantic Club

Rational Entertainment Enterprises Limited said on May 2, 2013 that it still wants to acquire Atlantic Club Casino Hotel from Colony Capital, LLC. Atlantic Club Casino said the purchase deal was dead on May 1, 2013, but declined to say why. Eric Hollreiser, a spokesman for the Rational Entertainment, said it had expected the closing deadline for the sale to be extended. "Several days ago the Rational Group received a purported notice of termination of this agreement from the current owners of the Atlantic Club. It was the Rational Group's expectation and understanding, based on the ongoing dealings between the parties, that the closing date would be extended to allow the transaction to be completed. The Rational Group remains entirely committed to resolving this situation and to our investment in New Jersey," he added. According to Associated Press, Michael Frawley, Chief Operating Officer for The Atlantic Club, did not respond to messages seeking comment on May 2, 2013. The transaction price was not disclosed.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 29, 2014
--
Merger/Acquisition
December 20, 2013
--
Bankruptcy
November 6, 2013
--
 

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