name to Bally's Grand Hotel and Casino. Frustrated with state gaming regulators, Wynn publicly vowed he would never return to Atlantic City, though he had hedged his rhetoric with the purchase of an area by the Atlantic City Marina. Wynn left Atlantic City to build The Mirage in Las Vegas that heralded the modern transformation of the Las Vegas Strip. Hilton (1996–2011) After the Hilton Hotels Corporation acquired Bally Entertainment, the property was renamed the Atlantic City Hilton. In 1998, Hilton Corporation spun off its casino properties into a new company initially called Park Place Entertainment. In 2000 Nicholas L. Ribis, in partnership with Colony Capital, LLC bought the poorly-performing Resorts Atlantic City for $140 million and created Resorts International Holdings. 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. Through December 2009, Resorts Atlantic City and the Atlantic City Hilton were managed as a single entity named "Atlantic City Hilton and Resorts Atlantic City", whose president was Anthony Rodio. On December 10, 2009, it was announced that Resorts International was unable to pay the mortgage for the Resorts Atlantic City property and made a deal to have the loan canceled and surrender the property to RAC Atlantic City Holdings L.L.C. ACH Casino Resort (2011–2012) In June 2011, Hilton Hotels ended the licensing agreement with Colony Capital and the Hilton name was officially removed as the casino name, with the temporary name of the casino becoming ACH Casino Resort. The signage on the outside and inside of the casino was removed in the fall when the licensing agreement termination was approved. Its sister property, the Las Vegas Hilton also lost its agreement and changed its name to the LVH – Las Vegas Hotel & Casino in January 2012. The Atlantic Club (2012–2014) On February 7, 2012, the casino became a locals casino and re-branded as The Atlantic Club Casino Hotel. Renovations to the gaming floor and rooms began immediately in an effort to refresh and update the property. The new slogan also went into effect: "A casino for the rest of us." 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