Atlantic City Hilton
Encyclopedia
ACH, formerly Atlantic City Hilton, is a casino and hotel located on the Boardwalk in Atlantic City, New Jersey
. After a rebranding and remodeling in Spring 2012, it will become Atlantic City's first true "locals casino
".
in 1980 and named Golden Nugget Atlantic City. It was the first in Atlantic City to be built from the ground up as a luxury casino hotel, rather than being a renovation of an old non-gaming Atlantic City hotel. In 1987 the property was sold to Bally's Entertainment Corporation, which changed the property's name to "Bally's Grand". The sale was prompted by Steve Wynn's frustration with gaming regulators in New Jersey.
After the Hilton Hotels Corporation
acquired Bally Entertainment, the property was renamed Atlantic City Hilton. In 1998, Hilton Corporation spun off its casino properties into a new company initially called Park Place Entertainment.
In 2000 Nicholas L. Ribis, in partnership with Colony Capital, LLC bought the poorly-performing Resorts Atlantic City
for $140 million and created Resorts International Holdings
. Then, in 2005, they set out to buy four casino properties across the U.S., including the Atlantic City Hilton, for a combined total of $1.24 billion.
Through December 2009, Resorts Atlantic City and Atlantic City Hilton were managed as a single entity named "Atlantic City Hilton and Resorts Atlantic City", whose president was Anthony Rodio. On December 10, 2009, it was announced that Resorts International wasn't able to pay the mortgage for the Resorts Atlantic City
property and made a deal to have the loan canceled and surrender the property to RAC Atlantic City Holdings L.L.C.
In June 2011, Hilton Hotels ended the licensing agreement with Colony Capital, and the Hilton name was officially removed as the casino name, with the temporary name of the casino becoming ACH. The signage on the outside and inside of the casino will be removed in the fall as soon as the licensing agreement termination is approved.. Its sister property, Las Vegas Hilton
also lost its agreement and it has until January 2012 to change its name.
Atlantic City, New Jersey
Atlantic City is a city in Atlantic County, New Jersey, United States, and a nationally renowned resort city for gambling, shopping and fine dining. The city also served as the inspiration for the American version of the board game Monopoly. Atlantic City is located on Absecon Island on the coast...
. After a rebranding and remodeling in Spring 2012, it will become Atlantic City's first true "locals casino
Locals casino
A locals casino is a casino designed primarily to attract residents of the area in which it was built rather than tourists or vacationers. The term is most commonly associated with casinos in Nevada, USA, to distinguish them from casinos that target mostly tourists in a central area.- Overview...
".
History
ACH was first built by Steve WynnSteve Wynn (developer)
Stephen Alan "Steve" Wynn is an American business magnate who played a pivotal role in the 1990s resurgence and expansion of the Las Vegas Strip...
in 1980 and named Golden Nugget Atlantic City. It was the first in Atlantic City to be built from the ground up as a luxury casino hotel, rather than being a renovation of an old non-gaming Atlantic City hotel. In 1987 the property was sold to Bally's Entertainment Corporation, which changed the property's name to "Bally's Grand". The sale was prompted by Steve Wynn's frustration with gaming regulators in New Jersey.
After the Hilton Hotels Corporation
Hilton Hotels Corporation
Hilton Worldwide is a global hospitality company. It is owned by the Blackstone Group, a private equity firm. As of July 2011 Hilton brands encompass 3,750 hotels with over 600,000 rooms in 84 countries...
acquired Bally Entertainment, the property was renamed Atlantic City Hilton. In 1998, Hilton Corporation spun off its casino properties into a new company initially called Park Place Entertainment.
In 2000 Nicholas L. Ribis, in partnership with Colony Capital, LLC bought the poorly-performing Resorts Atlantic City
Resorts Atlantic City
Not to be confused with the Las Vegas, Nevada based casino/resort operator Resorts International Holdings.Resorts Casino Hotel is a hotel and casino in Atlantic City, New Jersey. Resorts was the first casino hotel in Atlantic City, becoming the first legal casino outside of Nevada in the United...
for $140 million and created Resorts International Holdings
Resorts International Holdings
Not to be confused with the Las Vegas, Nevada based casino/resort operator MGM Resorts International.Resorts International Holdings, LLC , also known as Colony Resorts Holdings is an affiliate of Colony Capital, LLC based in Las Vegas, Nevada. RIH was created by Colony Capital in 2000 after it...
. Then, in 2005, they set out to buy four casino properties across the U.S., including the Atlantic City Hilton, for a combined total of $1.24 billion.
Through December 2009, Resorts Atlantic City and Atlantic City Hilton were managed as a single entity named "Atlantic City Hilton and Resorts Atlantic City", whose president was Anthony Rodio. On December 10, 2009, it was announced that Resorts International wasn't able to pay the mortgage for the Resorts Atlantic City
Resorts Atlantic City
Not to be confused with the Las Vegas, Nevada based casino/resort operator Resorts International Holdings.Resorts Casino Hotel is a hotel and casino in Atlantic City, New Jersey. Resorts was the first casino hotel in Atlantic City, becoming the first legal casino outside of Nevada in the United...
property and made a deal to have the loan canceled and surrender the property to RAC Atlantic City Holdings L.L.C.
In June 2011, Hilton Hotels ended the licensing agreement with Colony Capital, and the Hilton name was officially removed as the casino name, with the temporary name of the casino becoming ACH. The signage on the outside and inside of the casino will be removed in the fall as soon as the licensing agreement termination is approved.. Its sister property, Las Vegas Hilton
Las Vegas Hilton
The Las Vegas Hilton is a hotel, casino, and convention center in Las Vegas, Nevada. It is a joint venture between Colony Capital, which owns 60 percent, and New York City-based REIT Whitehall Street Real Estate Funds, which owns the remaining 40 percent...
also lost its agreement and it has until January 2012 to change its name.
Casual Dining
- Cappucino's
- Cornucopia Buffet
- Empress Gem Noodle Bar
- Nick's Burger Bar
- The Coffee Shop