The Former Claridge Casino Sells for $12.5 Million

The Claridge Casino's price tag has been revealed. According to Bally's Atlantic City a buyer shelled out $12.5 million for Atlantic City's former smallest gaming hall.

TJM properties purchased the Claridge in February. Terms of the deal were not revealed at the time.

TJM is planning on using a 1920's theme for the property. The new hotel will feature themed restaurants, a lobby bar and plenty of entertainment options. TJM is now taking reservations for the Memorial Day weekend.

The Claridge first opened for business in 1929. The hotel featured guests from Al Capone, Nucky Johnson, the real life politician turned gangster featured in HBO's Boardwalk Empire, Frank Sinatra and Marilyn Monroe.

The hotel is currently closed and undergoing renovations.