Bankrupt NJ casino has $17.7M assets, $16.8M debts
Posted: Dec 07, 2013
By WAYNE PARRY
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.