The Atlantic Club was the first of four casinos top close-up shop in Atlantic City in 2014 and now plans to turn the property into a water park and recreation center have been put on hold, perhaps permanently. Endeavor Property Group has failed to raise enough capital to keep the property in their portfolio. Plans had called for recreational amenities, new shops and eateries, along with conference and events venues.
According to local media, Endeavor AC LLC “was not able to generate the additional deposit funds needed” to keep the project going so the property is back up for sale.
The Atlantic Club was the first and only truly “local’s casino” in Atlantic City. It closed permanently on January 13, 2014. Caesars Entertainment Corporation and Tropicana Entertainment purchased the property, dividing its assets in a move said to reduce competition in the city. The closure was followed the same year by Revel, Trump Plaza, and Showboat, which was operating at a profit when closed by Caesars.