Atlantic Club Casino will be shut down by next month after a judge approves its piecemeal sale to rivals Caesars and Tropicana, the Wall Street Journal reported today. Bankruptcy Judge Gloria M. Burns approved the sale agreement, which calls for Caesars Entertainment Corp. to pay $15 million for the casino property and fixtures, and Tropicana Entertainment Inc. to pay $8.4 million for Atlantic Club’s slot machines and other gambling equipment. Judge Burns overruled an objection from Sobe Holdings LLC, which tried to buy both the property and the gambling equipment but lost out at the auction.
