Sunday December 8,2013 : ATLANTIC CLUB CASINO DISCLOSES ASSETS AND LIABILITIES (Update)
Land casino that walked away from Pokerstars deal up for auction this month
Atlantic Club Casino, the Atlantic City land operation that walked away with $15 million of Pokerstars money when an acquisition deal ran out of time earlier this year is up for auction and disclosed its liabilities and assets this week.
The troubled firm hopes to sell itself at a bankruptcy court auction this month, and in a filing with the federal bankruptcy court in Camden has laid out its listed assets, excluding real property, of $17.1 million with liabilities of $16.8 million.
Approached by Associated Press, the company management declined to estimate the worth of its real property.
The casino could be put up for auction as early as December 17, with the sale completed by March next year, the news agency reports.