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Not even the third time was the charm for the former Atlantic Club casino in Atlantic City, N.J., which on Thursday saw the third attempt to sell it fall through in as many years, the Associated Press reported. The latest involved a bid by Stockton University to buy the casino property as part of its new Atlantic City campus. But Stockton wanted the parking garage and the land; the casino and hotel buildings would have been razed. TJM Properties of St. Petersburg, Fla., pronounced the deal dead Thursday. No purchase price was ever revealed. When Stockton agreed to buy the complex in August, it said a purchase price would be made public at the deal’s closing. The Atlantic Club closed on Jan. 13, 2014, the first of four Atlantic City casinos to go bust that year. It was jointly bought by Tropicana Entertainment and Caesars Entertainment, with Caesars maintaining control of the buildings and property. Caesars sold it to TJM for $13.5 million, with a deed restriction stating it could not be used as a casino. TJM on Thursday said it is in talks with Caesars to try to have that restriction removed, presumably making the property more marketable in a recovering casino resort.

The Lucky Dragon casino in Las Vegas was pitched to foreign investors as a way to make money and score permanent residence in the U.S., but the now bankrupt project could leave them with neither, Bloomberg News reported. The $165 million resort, which opened in November 2016, was billed as the first Las Vegas casino designed specifically for Asian customers. It was built, in part, with $98.5 million from 179 foreign investors, who backed the project under an immigration program, known as the EB-5 visa, that lets immigrants who create jobs in the U.S. stay here permanently. The casino closed in January, however, and is expected to be sold at a bankruptcy auction on Sept. 10. That means the foreign backers each could lose their $550,000 investment, as well as their shot at a green card, according to a bankruptcy court filing by the investors. Their attorney, Ryan Works, said his clients would like to see a new buyer who lets them retain some of their interest.

The owner of New York’s Flatiron Hotel filed for bankruptcy yesterday with a plan to sell a 50 percent stake in the boutique hotel to an affiliate of Uzi Ben Abraham’s real-estate investment company Premier Equities, WSJ Pro Bankruptcy reported. The 62-room hotel’s owner, a company called 1141 Realty Owner LLC, filed for chapter 11 protection in U.S. Bankruptcy Court in New York. The hotel is owned — through a series of interlocking companies — by Jagdish Vaswani. The hotel owner filed for bankruptcy after Wilmington Trust, as the trustee for the lenders, said that it had defaulted on a $22.5 million loan. Wilmington Trust had sued Flatiron last year in federal court, claiming the hotel had defaulted on its loan by selling alcohol without a license and misappropriating funds.

A Qatari state-owned company has taken over New York’s Plaza Hotel, according to the operator of the historic property, Bloomberg News reported. Katara Hospitality, Qatar Investment Authority’s hotel division, completed the purchase on July 2, according to a representative for Accor SA, which was told of the ownership change. Katara acquired 100 percent of the property from its majority owner, Sahara India Pariwar, as well as minority owners Ashkenazy Acquisition Corp., Kingdom Holding Co. and Sant Singh Chatwal. The transaction was valued at $600 million. The Plaza, which opened 111 years ago, is known as the fictional home of children’s book character Eloise and has been featured in films such as “Home Alone 2” and “North by Northwest.” Among its prior owners is President Donald Trump, who was forced to sell it more than two decades ago as part of a bankruptcy. 

Ashkenazy Acquisition Corp. and Saudi Prince Alwaleed bin Talal’s Kingdom Holding Co., the investors trying to buy New York’s historic Plaza Hotel, sued the property’s majority owner for allegedly reneging on an agreement that gives the group the right to match another offer, Bloomberg News reported. Sahara US Corp., which owns a 70 percent stake in the hotel, demanded a second deposit and has been negotiating with other parties, according to a complaint filed in New York state court on Friday. Minority investors Ashkenazy and Kingdom earlier this month exercised their right of first refusal on a $600 million bid for the property to instead try to purchase it on their own. The clash between the investors is another twist in a years-long sales process for the 111-year-old building at the corner of Fifth Avenue and Central Park South. Sahara US is an entity tied to Sahara India Pariwar, which has been attempting to sell its stake amid troubles faced by its chairman, Subrata Roy, who has been ordered to return billions of dollars to investors.