ATLANTIC CITY, N.J. (AP) — A bankruptcy auction is underway for a struggling Atlantic City casino that hopes to emerge with a new owner.
Bids are being taken for the Atlantic Club Casino Hotel, which filed for Chapter 11 protection last month.READ MORE: Hyram Hill, Son Of Philadelphia Police Officer, Killed In Targeted Shooting In North Philly, Sources Say
The casino formerly known as the Atlantic City Hilton has struggled to compete with newer, larger casinos, as well as with gambling halls popping up in neighboring states.
For the past year and a half it has focused on low-rollers and improved its financial position, but not fast enough to stave off a bankruptcy filing.READ MORE: Flyers Tie Franchise Record With 12th Straight Loss
A deal to sell the Atlantic Club to the PokerStars web site fell through earlier this year.
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