ACH avoids foreclosure with Tunica swap
"It's a vote of confidence for our customers that we will still be around in the market," Michael Frawley, ACH's chief operating office, told the Press of Atlantic City. "I think we have a great plan moving forward. We're happy to tell our employees that they remain secure. We're looking forward to being part of Atlantic City."
Frawley also said the company will soon announce additional plans, including the casino's possible rebranding and another name change. The property lost the right to the Hilton name this summer when its franchising agreement expired. Subsequent attempts to sell the property were unsuccessful.
As part of the deal, the Tunica properties, Bally’s Tunica and Resorts Tunica, will remain open and keep their names.