Hard Rock Hotel & Casino Atlantic City has agreed to pay $ 1 million a year for the next 12 years as part of a settlement with two former property tenants, the Atlantic City Press reports.
The casino, which is owned by gaming and hospitality company Hard Rock International, said in its quarterly financial reports filed with New Jersey gaming regulators that it has entered into a settlement agreement with unidentified tenants to terminate existing leases. and resolve all pending disputes by January 17, 2020.
The property agreed to make a total of 13 annual payments of $ 1 million each for each year through 2032. Hard Rock made the first payment earlier this year. The remaining 12 installments will expire annually as of January 1, 2021.
Hard Rock has not disclosed the identities of the two former tenants with whom it was locked in a dispute, but the Atlantic City Press reports that they were Robert’s Steakhouse and the gentlemen’s club Scores Atlantic City. Both were operated by businessman Robert Gans and closed earlier this year after being told their leases would not be renewed.
The space formerly occupied by Robert’s Steakhouse has remained empty after the establishment closed. This summer, Hard Rock used the outdoor space that was formally part of Scores as outdoor seating for a seafood meal concept.
A federal lawsuit
Both Scores and Robert’s Steakhouse announced their closure in social media posts last February. The two facilities originally began operating years ago in the former Trump Taj Mahal casino complex. That property closed in 2016 and was purchased by Hard Rock International the following year to transform it into what now functions as Hard Rock Atlantic City.
Prior to opening its Atlantic City casino in June 2018, Hard Rock filed a federal lawsuit seeking to terminate its leases with Scores and Robert’s Steakhouse. The company argued that was not legally bound by the agreements that the restaurant and nightclub had with the owner of Trump Taj Mahal.
Hard Rock also expressed concern that Scores, being a gentlemen’s club, could tarnish its brand, which is known for its rock and roll-themed, yet family-friendly entertainment offering.
A federal court sided with Scores, who claimed it had operated until the permanent closure of Trump Taj Mahal in the fall of 2016 and you should be able to renew your lease. Both the nightclub and Robert’s Steakhouse resumed operations when Hard Rock Atlantic City opened and operated until earlier this year.