For more information, please visit Bally's is owned operated by Caesars Entertainment Corporation. The Company is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. Caesars is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassedĭistribution, operational excellence and technology leadership. Caesars also owns the London Clubs International family of casinos. The Company's resorts operate primarily under the Caesars ®, Harrah's ® and Horseshoe ® brand names. Since its beginning in Reno, Nevada, 75 years ago, Caesars has grown through development of new resorts, expansions and acquisitions and now operates casinos on four continents. In August, they sold 15 of the Senior Living properties for more than $200 million.Ĭaesars Entertainment Corporation (NASDAQ:CZR) is the world's most diversified casino-entertainment provider and the most geographically diverse U.S. The company also owned and operated more than 19 Senior Living Communities with over 2,500 units. TJM Properties operates 10 hotels in the Tampa Bay Area, three under the Quality Inn, Baymont Inn and Howard Johnson flags. 'We look forward to bringing more non-gaming amenities to the Atlantic City community.'

'We are excited about the great opportunity to own and operate this magnificent historic hotel,' said Matt McCarthy of TJM Properties. One of the hotel towers housing Bally's guests, the 500-room Claridge opened in 1930 and at 370 feet was the tallest building in New Jersey until 1989. 'TJM's plans are in keeping with our goal of adding non-gaming amenities to Atlantic City, such as the 250,000 square foot meeting and conference center - the largest in the Northeast - that we're building at Harrah's Atlantic City.' 'Through its investment, TJM will be adding non-gaming amenities that will enhance the experience of guests of the Claridge, Bally's and the entire city,' Ortzman said. The sale is expected to close within 90 days, subject to customary closing conditions.

'We are very pleased with TJM Properties' extensive experience and its plan to keep the hotel open and operating while it upgrades the rooms, installs a new front desk and restaurant,' said Kevin Ortzman, senior vice president of Bally's, Caesars Atlantic City and Showboat. Terms of the transaction were not disclosed.

29, 2013 /PRNewswire/ - Bally's Atlantic City hotel and casino today announced that TJM Properties, Inc., a Clearwater, Florida, based hotel operator, has agreed to purchase the 500-room Claridge Hotel Tower.

Bally's hotel and casino atlantic city