A third of Atlantic City's boardwalk casinos closed the same year, the others being Revel, Trump Plaza, and Showboat.

Its entertainment in the 500-seat Opera House included Frank Sinatra, Dean Martin, Sammy Davis Jr., Dolly Parton, Lou Rawls and Don Rickles.

In 1998, Hilton Corporation spun off its casino properties into a new company initially called Park Place Entertainment.

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.

Renovations to the gaming floor and rooms began immediately in an effort to refresh and update the property.

In December 2012, the Rational Group, parent company of online gaming site PokerStars, was reported to be in discussions to buy the Atlantic Club for less than $50 million, spurred on by a bill under debate in New Jersey to legalize online gaming operations by casino owners.

[16] A purchase agreement was announced in January 2013,[17] but was terminated in April after Rational missed a deadline for securing a temporary gaming license.

[23] In March 2017, R & R Development Group agreed to purchase the property with the intention of converting it to a family entertainment center with a waterpark, but the deal fell through two months later because R & R could not obtain financing.

Later in the year in November 2018, a development group from New York was in talks to buy The Atlantic Club, but a deal never shaped up.

[28] In 2022, Colosseo obtained a construction permit to begin recladding the buildings with watertight glass curtain walls, as part of a redevelopment plan for the site to include hotel towers and residential condominiums but no casino.

The casino at the Atlantic Club featured a standard set of table games, slots, and video machines.