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.

[11] It was Wynn's first major casino after establishing his reputation with resurrecting the Golden Nugget Las Vegas.

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.

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.