Bankrupt NJ casino has $17.7M assets, $16.8M debts - FOX13 News, WHBQ FOX 13

Bankrupt NJ casino has $17.7M assets, $16.8M debts

Posted: Updated:
AP file photo/Mel Evans AP file photo/Mel Evans

ATLANTIC CITY, N.J. (AP) - The Atlantic Club Casino Hotel, which hopes to sell itself at a bankruptcy court auction this month, has laid out its assets and liabilities for the court.

The casino formerly known as the Atlantic City Hilton listed assets, excluding real property, of $17.1 million and liabilities of $16.8 million.

It wouldn't estimate the worth of its real property when asked by The Associated Press.

The filing was made Wednesday with the federal bankruptcy court in Camden.

The Atlantic Club has remained open since filing for Chapter 11 protection last month. The casino could be put up for auction Dec. 17, with the sale completed by March.

The sale comes months after a deal to sell the casino to the PokerStars online gambling website fell through.

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 This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • NJ National Guard unit to deploy to Persian Gulf

    NJ National Guard unit to deploy to Persian Gulf

    Friday, August 1 2014 8:34 PM EDT2014-08-02 00:34:45 GMT
    More citizen soldiers will be leaving New Jersey for the Middle East. Nearly 170 troops will depart the National Guard armory in Jersey City on Saturday for duty in the Persian Gulf.
    More citizen soldiers will be leaving New Jersey for the Middle East. Nearly 170 troops will depart the National Guard armory in Jersey City on Saturday for duty in the Persian Gulf.
  • Thousands come out for Blake Shelton's free beach show in Atlantic City

    Thousands come out for Blake Shelton's free beach show in Atlantic City

    Friday, August 1 2014 4:29 PM EDT2014-08-01 20:29:15 GMT
    Country music star and "The Voice" coach Blake Shelton played a free concert on the beach in Atlantic City in front of more than 60,000 fans Thursday night, promoters said. He performed on a stage build on the beach near The Pier at Caesars. Fans that couldn't get into the beach area could hear and watch from the Boardwalk and from boats moored in the water nearby.
    Country music star and "The Voice" coach Blake Shelton played a free concert on the beach in Atlantic City in front of more than 60,000 fans Thursday night, promoters said. He performed on a stage build on the beach near The Pier at Caesars. Fans that couldn't get into the beach area could hear and watch from the Boardwalk and from boats moored in the water nearby.
  • Home owned by Trump holdout sells at auction

    Home owned by Trump holdout sells at auction

    She once called Donald Trump "a maggot, a cockroach and a crumb." This week, he remembered her as "an impossible person."
    An Atlantic City-area real estate figure has bought at auction a property that earned its owner near-folk hero status for resisting decades of overtures from developers...
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

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