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Pinnacle Atlantic City is a holding company for a new resort planned on the old site of Sands Atlantic City and Traymore Hotel. The Property was bought from famous investor Carl Icahn. After to the property was bought, they gave 60 day notice to employees of the casino. After the closure of the Sands, Pinnacle sold the Hotel supplies at a liquidation sale and destroyed more then $61 Million of table chips. When they moved the slot machines to other pinnacle properties they found a total of $17,193.34, which some of the money went to taxes.
