 But this was not enough to save its gambling business in the wake of a catastrophic period for Atlantic City's casinos, several of which filed for bankruptcy or closed altogether.theRIDGE ended its gambling and food operations during the winter of 2012; however, Bally's continued to use its 500 hotel rooms for guests.On October 29, 2013, Caesars Entertainment announced that the Claridge tower was sold to TJM Properties of Clearwater, Florida.