Atlantic Casino Club Review This is a full service online gaming site that provides you with virtually anything you could want or need from a casino. You’re likely to get in a good mood just by accessing.
- Atlantic Club Casino is an online betting site that was founded in 2015 and is operated out of the jurisdiction of Curacao.
- Experience Ocean’s Casino from the Comfort of Home. Enjoy the most rewarding online casino! Have a ball with a wide variety of slots, table games, video poker and more! Sign up for Ocean Online Casino.
Atlantic City now has nine casinos. But if you think that’s a lot, in the not so distant past, the town had 12 casino hotels. One of them was the Atlantic Club.
Resorts Casino Online Atlantic City
Atlantic Club, closed since 2014, gets a new buyer
After filing for bankruptcy in November, 2013, Atlantic Club shut its doors permanently on Jan. 13 2014. It was the first of four Atlantic City casino hotels to close in 2014. Trump Taj Mahal followed suit in 2016.
Over the past 5 ½ years, several prospective buyers had expressed interest in the Atlantic Club. But–until now–nothing materialized. Sadly, the shuttered property has stood in the same location, vacant and neglected, all of this time, just like another eyesore on the Atlantic City Boardwalk, Trump Plaza, which also closed in 2014.
Now, for what seems like the umpteenth time, Atlantic Club is back in the news, but with a big difference. A company with the ability to put it to good use finally bought it!
Colosseo Atlantic City is the new owner
After the Atlantic Club closed, Tropicana Entertainment and Caesars Entertainment temporarily jointly took over ownership. Tropicana gained access to the slot machines, gaming tables, and player database, while Caesars acquired the physical property itself.
Casinos In Atlantic City
However, on May 29, 2014, Caesars sold the Atlantic Club to the Florida development firm TJM Properties for a reported price of $13.5 million. The terms of the sale also stipulated that the new owner could not offer a casino, but that was not TJM Properties’ intention. The plan instead was to transform the place into a non-gaming facility (i.e., a stand-alone hotel, like it did with the Claridge), or sell the property to someone else who could make it happen.
As it turned out, TJM itself did not do anything with the Atlantic Club but wait for a buyer that met their criteria to come forward. However, lack of interest wasn’t the problem. Over the ensuing years, one by one, multiple prospective buyers emerged, each with grandiose plans to bring the doomed resort back to life. However, in every instance, the deal fell through–at least until last week.
According to a Tues., Oct. 1 Press of Atlantic City article, TJM Properties has sold the Atlantic Club to the NYC-based investment and construction firm Colosseo Atlantic City, Inc. for an undisclosed price. The sale reportedly took place the previous week.
Will this be the boost that this long idle property needs? The consensus is yes.
Both TJM Properties and Colosseo have indicated being very pleased that this sale has come to fruition. Matt Bradley, one of the people at TJM Properties who handled the sale, had this to say:
“We have made every effort to find a buyer who could realize the potential of the Atlantic Club Casino Hotel, We are confident that with their extensive experience in construction and redeveloping larger properties, Colosseo is the right company for the job.”
Meanwhile, Rocco Sebastiani, president of Colosseo, stated that his company was “looking forward to working in Atlantic City and restoring such a great property.”
Sebastiani acknowledged that it wouldn’t be easy but expressed confidence that his company was up for the challenge. As he told The Associated Press:
“It’s got a lot of renovating that needs to be done; that’s what we do. We buy assets that need a lot of work and bring them up to market.”
A new casino is not part of the plan
Sebastiani also offered a preview of what his firm intends to do with the property. First, it will renovate it. Then it will then reopen the facility as a non-casino hotel with 800 rooms and new retail and food beverage offerings.
Colosseo Atlantic City does not possess a casino license and does not plan to seek one. The same deed restriction that Caesars insisted upon when it sold the property to TJM back in 2014 remains in effect. But it is probably for the best. Even if the deed restriction were to be lifted, any attempt by a new owner to open another casino there would meet with strong opposition. That’s because the Atlantic Club’s very close proximity to Stockton University would almost certainly make underage gambling even more of a problem.
What gambling experts think about the Atlantic Club sale
Furthermore, most gambling experts agree that for Atlantic City to continue on its current path of growth and avoid another downturn due to increased competition from other casinos nearby, it needs to promote itself as a complete resort destination. Gambling needs to be viewed as only one of the many attractions it has to offer.
Accordingly, Rummy Pandit, executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University, views the sale of the Atlantic Club as something that can do great things for Atlantic City. Pandit envisions that reopening the former Atlantic Club as a non-casino hotel would “rejuvenate” the whole neighborhood.
“If the property is marketed to a predefined segment, it’s going to be very successful. Its location is amazing. . . So this end of the Boardwalk would certainly benefit from that,” Pandit asserted.
The new Atlantic City Mayor’s reaction to the sale of the Atlantic Club
Newly appointed interim Mayor of Atlantic City Marty Small agrees, calling the sale “great news.” Small made this comment as well:
Atlantic Club Casino Ac News
“The Atlantic Club has been rumored to be sold for a long time, now it’s a reality. This is another indication of investor confidence, which is a great outlook on the future of our city.”
On the other hand, history is not on the side of the Atlantic Club
I, too, am encouraged by the news of the sale. So I am looking forward to seeing if Colosseo Atlantic City can deliver on its promises and transform the Atlantic Club, or whatever new name it chooses to give the resort, from an eyesore to a destination worth visiting. But at the same time, given the property’s long-existing troubled history, I am skeptical. I will believe in the promised changes for the better when I see them.
Before it became the Atlantic Club, while still a casino hotel, this property has had so many different names and owners, it’s hard to keep track of them all. Its first seven years (1980-1987) were by far its best when it operated as the Golden Nugget. Thereafter, under a succession of different owners, the casino hotel underwent four more name changes: Bally’s Grand (1987-1996), Atlantic City Hilton (1996-2011), ACH Resort (2011-2012), and finally, the Atlantic Club (2012-2014).
What has happened (or more precisely not happened) there since 2014 is no less disappointing.
In December, 2014, the Pennsylvania-based Endeavor Property Group, which specialized in housing for seniors, indicated that it wanted to buy the Atlantic Club. But the company could not secure the needed funding to do so.
In 2017, a Ventnor developer proposed converting the facility into a family-friendly water park. But that grandiose plan soon died in the water.
Stockton University was another prospective buyer. Its plan was to demolish the existing property and replace it with a nine-level parking garage. However, that idea never got off the ground either, and by September, 2018, the only thing to collapse was not the Atlantic Club building but Stockton University’s proposed deal.
Then, as recently as March, 2019, another deal being considered to sell the property to Philadelphia-based Jeffrey Smolinsky of North American Acquisitions fell through as well.
Summary and conclusion
Based on all of the foregoing, I can’t get too excited about the sale of the Atlantic Club yet. However, if Colosseo can deliver on its promises, that would be great for Atlantic City. Much like the opening of Hard Rock and Ocean Casino Resortand the reopening of Showboat as a non-casino hotel have revitalized the North Beach area, reopening the Atlantic Club can revitalize the southern end of the Boardwalk.
Keep reading NJ Online Casino as we continue to update you on the latest developments.
Atlantic Casino Club Online Banking
Exclusive Atlantic Casino Club No Deposit Bonus
Exclusive €15 Free
- Claim using code 15KINGS
- Can be used on all slots
- Maximum cashout: €100
- Playthrough: 99x
Other Bonuses
250% Welcome Bonus
- Maximum bonus: €2,500
- Minimum deposit: €20
- Valid for 15 days
- Playthrough: 33x deposit + bonus
Special 15% Payment Method Deposit Bonus
- Given on Neteller, Skrill, PostePay, GiroPay and Sofort payments
- Maximum bonus amount: €1,000
- Minimum deposit: €20
- Playthrough: 25x deposit + bonus
Promotions
- Whenever players think that they need a bankroll boost, they can contact support to check if they’re eligible to receive the free online casino bonus.
- Atlantic Casino Club has a four tier VIP club that treats loyal players with birthday bonuses, comp points and a really special treatment.
- By wagering cash at the casino users earn comp points that can be later redeemed for cash.
About Atlantic Casino Club
Atlantic Casino Club is yet another site that forms the reputable Game Tech Group of reliable gaming destinations. The casino, just like most of its sister sites, was launched in 2015 and features hundreds of popular slots, table games and video poker titles. Leading providers NetEnt, BetSoft and NextGen are only a few suppliers whose products can be found at this gaming destination. Atlantic Casino Club has an interesting, yet simple, design that makes playing there very pleasant. The site’s game offer is regularly updated, plus users are often pampered with bonuses and free cash. Atlantic Casino Club is also a safe and secure online gaming site; it holds the well-known SSL seal of approval, plus its licensed by the Government of Curacao.
Casino Games Overview
Casino” and features slots, table games and video poker. The second one is reserved for scratch cards only. Both categories include over 350 titles provided by more than 15 companies including BetSoft, NetEnt, Amaya, NextGen and Thunderkick. Popular games that all fans of slot machines would love are James Dean, Aliens, Merlin’s Magic and DJ Wild. In addition, the operator offers a great variety of table and card games such as Roulette Pro, Poker3, Blackjack Switch and Baccarat.
It has to be noted that each and every game at Atlantic Casino Club is tested and approved by the independent auditor Gaming Labs International (GLI). This proves that every outcome at the casino is completely fair and random.
Mobile Casino and Games
Atlantic Casino Club doesn’t offer native mobile apps that would work perfectly on iOS and Android devices. However, since the casino is available in instant play mode, you can actually play as long as your mobile device supports Flash. Androids that can’t install Adobe Flash Player can use alternatives offered at the Google Store that can help them start the games. The game selection is the same; thus, players can play hundreds of titles by leading providers; some worth trying are The Tipsy Tourist, Esqueleto Explosivo and Scarface. All functions work impeccably as well; therefore, customers are also able to top up their account, make money transactions or contact the support.
Payment Options
When it comes to banking, Atlantic Casino Club has a pretty reasonable policy. First of all, customers can use all popular credit cards, e-wallets and prepaid vouchers to make deposits and request withdrawals. All deposits at the site are free of charge and the minimum payment amount eligible for a bonus is €20. The cashout limits set by the operator are €100 minimum and €5,000 maximum per 30 days. In terms of processing time, deposits are usually immediately completed, whereas withdrawals may take up several days.
Customer Support
Atlantic Casino
Customers at Atlantic Casino Club are always provided the best possible support by the operator. This means that they can get in touch with an agent at any given time of the day, any day of the week using one of the two provided options: e-mail and live chat. In addition, the casino has a very helpful FAQ section where the most commonly asked questions are thoroughly explained.