Atlantic Club Casino Hotel is to shut down after being sold to rival gaming firms.

The bankrupt casino will close on 13 January, with operators Caesars Entertainment and Tropicana Entertainment acquiring their assets.

Caesars will pay $15m for the venue’s non-gaming assets, while Tropicana are purchasing the establishment’s slot machines and other gambling equipment for $8.4m.

Both firms own existing land-based casino properties in Atlantic City.

Atlantic Club had wanted to sell themselves to a firm who would keep the business alive but were unable to find such a buyer.

PokerStars had agreed a $15m deal to purchase the casino earlier this year as part of the online operator’s attempts to enter the New Jersey real-money online gaming market, but Atlantic Club walked away from the deal when Stars failed to receive preliminary ownership approval from the state’s casino regulators by an agreed deadline.