Owner Cancels Sale of Former Atlantic Club Casino
ATLANTIC CITY, N.J. (AP) — The owner of the former Atlantic Club Casino Hotel in New Jersey has canceled a notice to sell the closed property to a Philadelphia-based company.
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The Press of Atlantic City reports that real estate records show that the Feb. 19 filing voids a notice of a settlement filed in January.
Florida-based TJM Properties previously denied the sale, and a spokesman said he wasn't sure why the original notice was filed.
Neither TJM Properties nor the person listed as the buyer, Jeffrey Smolinsky of North American Acquisitions, responded to a request for comment.
TJM bought the casino from a Caesars Entertainment affiliate for $13.5 million in 2014.
Stockton University had announced plans to buy the property in August and demolish the casino and hotel, but negotiations failed to progress.
