496 Views

Ex Atlantic City casino to become a water park

The Atlantic Club, one of the first Atlantic City casinos to throw in the towel among the five who closed-up shop in 2014, is about to be re-imagined as a large indoor water park and hotel, according to official reports from the mayor’s office and the buyers themselves. The property, which swapped several owners in the past decades, is now to be acquired from its current owners TJM Properties by R&R Development Group, a company headed by Philadelphia investor Ronny Young and Robert Reilert, a former casino exec.

The Atlantic Club closed down on January 2014 and was bought by Caesars Entertainment before being sold again to TJM Properties. The same year saw the closure of other casino landmarks, like the Revel Casino and the Showboat. Plans to turn the property into a water park were also made in 2015, but the company behind them, the Endeavor Property Group, failed to raise enough capital and the idea was put on hold until further notice.

But its current buyers, R&R, plan to spend $130 million to renovate the hotel facility and have its 300 rooms open by fall. The company also plans to build a 100,000 square foot water park on adjacent land along with a family entertainment center that will include an arcade. The same company was also behind plans to build a water park and hotel at Bader Field, but the project was never realized.

The Mayor, Don Guardian, commented on the acquisition by saying that both the location and timing were better than last year’s plans as the investors have made a “world class” design for the water park that will be put to great use at the property. The revival plan comes at a time when other closed down former casinos are also waiting to reopen.

Ex Atlantic City casino to become a water park was last modified: March 14th, 2017 by Alex Lanter


Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Latest Posts

New Bay 101 Casino opens in San Jose, CA
Poker
640 views
Poker
640 views

New Bay 101 Casino opens in San Jose, CA

admin - November 2, 2017

In California, after undergoing a $53 million expansion and relocation, the new Bay 101 Casino in San Jose that now calls North First Street home, had its…

Juergen Trager wins Delaware Poker Championship main event
Poker
439 views
Poker
439 views

Juergen Trager wins Delaware Poker Championship main event

admin - November 2, 2017

The seventh annual Delaware Poker Championship was held at the Dover Downs Hotel and Casino over the weekend and saw more than 1,500 players compete in nine…

Doors to Casino By Vanshaw locked amid ongoing dispute with landlord
Casino closures
371 views
Casino closures
371 views

Doors to Casino By Vanshaw locked amid ongoing dispute with landlord

admin - November 1, 2017

In Canada, a six-year-old rental dispute between casino operator Vanshaw Enterprises Limited and landlord Mayfield Investments Limited reportedly came to a head on Monday with the doors…

888poker’s XL Eclipse series begins this Sunday
Poker
320 views
Poker
320 views

888poker’s XL Eclipse series begins this Sunday

admin - October 30, 2017

On September 10th, 888poker will kick off the XL Eclipse, a much-anticipated online poker series set to offer a ton of poker gaming action. On the 10th,…

IGT’s Fort Knox on CrystalCurve now live at Sugar Creek Casino in OK
Latest Casino and Gambling News
333 views
Latest Casino and Gambling News
333 views

IGT’s Fort Knox on CrystalCurve now live at Sugar Creek Casino in OK

admin - October 27, 2017

The popular Fort Knox Video Slots by UK-based multinational gaming company, International Game Technology PLC (IGT) (NYSE: IGT), were recently introduced at the Wichita and Affiliated Tribes-owned…

XL Eclipse charity events raise over $40,000
Poker
582 views
Poker
582 views

XL Eclipse charity events raise over $40,000

admin - October 24, 2017

Over the past few days, 888poker has offered players a unique poker series in which to enjoy known as XL Eclipse. Within this tournament series, players had…

Carl Icahn plans to sell the shuttered Trump Taj Mahal Casino in Atlantic City
Casino closures
491 views
Casino closures
491 views

Carl Icahn plans to sell the shuttered Trump Taj Mahal Casino in Atlantic City

admin - October 13, 2017

Billionaire business magnate and investor Carl Icahn (pictured) issued a statement on Monday indicating that his company, Trump Taj Mahal Associates, Inc, will sell the shuttered Trump…

Astra Games inks new distribution agreement with E-Systems
Gaming Industry News
340 views
Gaming Industry News
340 views

Astra Games inks new distribution agreement with E-Systems

admin - October 12, 2017

UK-based innovator and world-class gaming machine manufacturer, Astra Games, has renewed its distribution agreement with E-Systems GmbH, a German-based distributor of casino equipment. Under the terms of…

Cyprus to initiate first-ever gambling study
Latest Casino and Gambling News
533 views
Latest Casino and Gambling News
533 views

Cyprus to initiate first-ever gambling study

admin - October 12, 2017

The National Betting Authority (NBA) of Cyprus revealed on Monday that the island country in the Eastern Mediterranean will be conducting what will reportedly be its first…

New Philippine AML-rules ask for gambler identification and record keeping
Gaming Industry News
142 views
Gaming Industry News
142 views

New Philippine AML-rules ask for gambler identification and record keeping

admin - October 8, 2017

Under a new regulatory framework designed to improve anti-money laundering regulation in the Philippine casino sector, Philippine gamblers will now be required to show IDs before engaging…